Most often, we think of people staying at a company for an extended time because they want to grow with the company, want to foster their professional development, and develop an affection for the company and their coworkers. But what about health benefits, a real lifeline for many people? How many people declare allegiance to their company because they can’t afford to lose their benefit package?
This info come from the latest reading of an ongoing study by Comparably. More than 10,000 respondents have replied to the query.
Significantly more than half of both men and women answered that yes, their benefits were a strong reason they planned to stay with their company.
African-Americans responded “yes” (59%) more than any other ethnic subgroup, and also more than either gender taken on their own.Hispanic or Latino (56%) and Asian or Pacific Islander (57%) groups fell closely in line with overall results.
Employees in Communications answered “yes” to the benefits question more frequently than any other department at 64%.Close behind were Admin (63%) and Customer Support and HR (both at 59%.) The Executives were least likely to cite benefits as a reason for staying with their company, answering the question “yes” at a rate of only 49%.
The older the employee, the more important their benefits are to their decision-making. The 18-25 group was by far the least married to any benefits package. The 61-65 age group were the opposite, declaring the benefits vitally important to their choice of workplace.
Across experience levels, responses were largely uniform.Percentages grow slightly but consistently as we approach the “over 10 years” bracket.
The latest reading is as of Dec. 2nd.
