Benefits account for approximately 30¢ of every paycheck dollar, and the right benefits package can be a powerful tool for attracting top talent–but are you retaining that talent? Employee turnover can be costly, and with 30% of your paycheck on the line, how can you be sure you’re providing the right benefits, those your workforce wants most?

According to recent research, 54% of employees would be tempted to take a new job if the benefits were better than their current job. So, what are those better benefits that are so tempting?

According to ResourcingEdge, 4 of out 5 employees would prefer more comprehensive benefits over a pay raise. The most popular benefit is healthcare, with 88% of employees ranking it as very important. Typically, employees are looking for:

These preferences may vary by organization, which is why measuring employee benefit satisfaction and gathering input about new benefits or even missing benefits is critical.. Now is a great time to start collecting input ahead of your next open enrollment period.

The Betterment research also suggests 48% of employees are looking for better engagement when it comes to their benefit options–what they are and how best to optimize them. Decision support tools like SelectSmart™ provide education and guidance for employees facing complex benefits choices, which can lead to less stress about finances, in turn boosting employee confidence and productivity.

Interested in learning more about SAVVI decision support tools? Click here to schedule a 15 minute chat now to discuss how SelectSmartTM might work for you. Or simply call us at 781-583-7017 or email us at sales@savvifi.com.