When times are good, jobs are abundant and employees might overlook the value of their benefit plan. When times are tougher a recent study by Sanofi-Aventis says that the majority of employees place higher value on benefit plans.
It should be no surprise that the current economic uncertainty has caused employees to appreciation of the quality of health benefit plans. Almost eight in ten employees agree that the existing economic environment has increased the value they place on their health benefit plan.
Having a good benefit plan in Canada not only helps attract new employees but it really encourages employees to stay with their current employers. According to Jacques L'Espérance, survey advisory board member and president, J. L'Espérance Actuariat Conseil Inc. “Employees also think more positively of their employer because of their health benefit plan.”
Employers should be active partners in the overall health of their employees and can play a strong role by encouraging them to take responsibility for their own health.
The study suggests that 59% of employees appreciate their benefit program
If you are an employee with a benefit program, I would love to hear your thoughts. Do you appreciate your benefit program? If so, why? What do you like most about your benefit plan?