Study: Life and career stage significantly influence what employees value in benefits packages

The insurance brokerage, financial services and HR consulting company has released the results of its 2024 Employee Value Perception Study. Based on responses from more than 2,000 U.S.-based employees, the study shows the value of factors such as direct leadership, meaningful work and opportunities for advancement and how these differ across different employee groups.

Financial instability, particularly among executives, is a worrying trend. A quarter of workers are currently considering borrowing their retirement savings; among executives, this figure rises to 37%. In addition, almost half of all workers worry that their financial future will be jeopardized by possible accidents; among single people, especially single parents, this concern rises to around 65%.

“Employers know the importance of investing in their workforce, but this study reveals a gap between values ​​and current measures of support,” Copeland said. “To truly understand employees, employers need to be more vocal about their voices to get a holistic picture of their feelings on important life factors and how they align with the employer’s compensation philosophy. Armed with the latest insights, leaders can more effectively evaluate their workforce investments and develop a value-based benefits package that maximizes employee satisfaction and meets their individual needs.”