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Rules of Thumb: Better benefits make harder-working
employees
Bankrate.com
As the economy cools, workers are getting restless,
with three out of four American workers at growing businesses saying
they are very concerned about their financial futures.
At the same time, a company that offers its
employees a good benefits plan has the best chance of retaining
its workers -- and getting better performance out of them.
Those are two key findings of the Financial
Well-Being Index, a quarterly online national survey of employees
at small and medium-sized businesses by the Des Moines, Iowa-based
Principal Financial Group.
First, the bad news: Only one in five employees
in the survey agreed with the statement, "My company is concerned
about my and my family's long-term financial future."
But a good benefits package, they said, could
turn that attitude around. Three-fourths said a good benefits package
would keep them at their current companies, and two in three said
such a package would encourage them to work harder and perform better.
The most important benefits, workers said, were
health insurance, a 401(k) plan and life insurance. Those are also
the benefits they are most likely to enjoy.
Asked what new benefits they would most value,
workers said show me the money -- a profit-sharing or bonus plan
was the big winner. Flex time and stock options were popular, too.
Are you doing what you can to keep your benefits
package competitive?
-- Posted:
Jan. 31, 2001
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