MetLife Annual US Employee Benefit Trends Study 2022
Employees needs have changed drastically in just a few short years due to an increasingly diverse workforce, a pandemic, and the lowest job satisfaction rate in 20 years. Today’s workers expect employers to recognize the importance of their lives inside and outside of work.
Benefits are a powerful tool for serving the whole employee and meeting the needs of the entire organization. That’s true not only in the intense competition to win talent, but also in enabling and equipping employees to be their best, both at work and in their personal lives. In this ‘Age of the Employee,’ organizations that offer compelling benefits will be better positioned for success in these uncertain times.
MetLife’s 20th Annual U.S. Employee Benefit Trends Study 2022, The Rise of The Whole Employee: 20 Years of Change in Employer-Employee Dynamics: Reimagining the Healthcare Employee Experience, provides actionable insights to help you recommend a benefits mix for employers that can help them satisfy the complex and divergent needs of their employees.
The MetLife Study Will Help You:
- Understand the rebalance of power between employees and employers.
- Dive deeper in the nuances of holistic well-being so you can help your clients’ diverse workforce stay invested and productive.
- Learn how to design a richer overall benefits experience.
- Employers have shifted their benefits priorities but still need to address the widening gap between worker must-haves and current offerings.
- Benefits strategies are no longer focused mainly on cost control, productivity, or other financial and commercial outcomes.
- 80% of employers say that meeting the needs of employees across all life stages and the diversity spectrum is an important benefits objective.
- With the decline in mental health, employees are looking to their employers to help support their mental and social well-being through benefits and policies. Holistically healthy employees are:
– 74% more likely to be satisfied with their job.
– 51% more likely to say they intend to be at their organization in 12 months’ time.
– 53% more likely to be productive.
- By combining core and supplemental benefits, employers can provide greater choice for employees and more flexibility to meet their needs in the future.
- 73% of employees say that a wider array of benefits would make them continue working at their employer longer. And 75% think more benefits choices would reduce their stress and improve their financial wellness.
- Employee Assistance Programs (EAPs) may be the most powerful and flexible tool employers have to meet the full range of evolving employee needs. Many EAPs offer mental health and counseling. Some organizations enhance their EAPs with additional services, such as legal support, credit counseling, grief counseling, and more. Employees offered an EAP are:
– 34% more likely to say their mental health has improved in the past 12 months.
– 18% more likely to feel holistically well.
Download the MetLife Study for insights, guidance, and expertise to share with your employer groups. Contact us today to develop tailored benefits solutions that address your clients’ needs.
Download The MetLife Study
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