2023 Worker Advantages and Perks Statistics

It is 2023 and worker advantages & perks are extra influential than ever in relation to hiring and worker retention.

It looks like we have been holding our breath for 3 strong years, ready for issues to get higher. As an alternative, they’ve simply gotten… weirder. First it was a world pandemic, then provide chain points, then workforce shortages, then inflation. Imagine it or not, all of those and extra are impacting worker opinion on the advantages they need from their employers.

Fortunately there are lots of companies looking out for a similar solutions. They’re asking essential inquiries to the individuals who have the solutions: workers all through the U.S. and the world. 

This web page is for the uncooked information aggregated from skilled research and surveys revealed in 2023. Generally the statistics could disagree and even contradict one another. Every one hyperlinks again to the unique supply, so we’ll allow you to resolve which is probably the most appropriate. 

If you’d like Entry’ opinion on the latest information obtainable, you will discover it all through this weblog. We suggest these articles through which we focus on legislative adjustments impacting advantages, the facility of way of life advantages, the finest channels for selling advantages and what to do when workers complain about advantages.

Or, merely bounce to the part of curiosity under and peruse the information your self.

Want extra? These and stats from current years are all included in our Final Assortment of Worker Advantages database. We additionally keep an enormous assortment of worker engagement and loyalty stats, that will help you get a whole image of what is occurring in places of work throughout the nation.

We used to maintain these statistics on our worker engagement and loyalty stats web page, however we really feel like advantages are complicated sufficient to benefit their very own assortment. Like every of our stat pages, we’ll replace this one on a weekly foundation.

Have information you’d prefer to see on these pages? Drop us a hyperlink within the feedback.

This web page is delivered to you courtesy of Entry Perks, supplier of America’s finest worker low cost applications. Go to our web site to study extra!

• 40% of employers consider employees go away their job to search out employment that provides higher advantages (Forbes, 2023)
• 54% of American employees are content material with the advantages their present employer affords (Forbes, 2023)
• 1 in 10 employees would take a pay reduce to have entry to higher advantages (Forbes, 2023)
• In response to HR professionals, the first aim of a advantages program is: (Care.com, 2023)
  • Rising productiveness (53%)
  • Attracting and retaining workers (49%)
• Workers who’re happy with their pay and advantages are 13% extra more likely to proceed working for his or her present employer for 3+ years (Qualtrics, 2023)
• 77% of organizations that supply supplemental insurance coverage report these advantages assist with recruitment, 80% report they assist with retention (Aflac, 2023)
• 47% of organizations report that preserving a aggressive whole compensation bundle is considered one of their largest challenges (Aflac, 2023)
• 83% of organizations consider their advantages bundle has a constructive influence on employee productiveness, 84% that it allows them to recruit high expertise, the best percentages ever reported (Aflac, 2023)
• 80% of organizations consider their workers are extremely happy with their advantages, nevertheless solely 58% of workers report excessive satisfaction (Aflac, 2023)
• Worker satisfaction with advantages is at a 10-year low, reaching 61% in 2023, down from 64% in 2022 (Metlife, 2023)
• 83% of employers consider their workers are happy with their worker advantages, however solely 60% of workers report satisfaction (Metlife, 2023)
• 36% of workers have left or thought-about leaving a job due to insufficient household advantages (Maven Clinic, 2023)
• Amongst employers planning to chop again on worker advantages in 2023: (Care.com, 2023)
  • 35% will remove adoption & fertility help
  • 33% will remove commuter advantages
  • 32% will remove monetary training
  • 32% will remove well being and health reductions
  • 31% will remove 401K match
  • 31% will remove psychological well being assist
  • 28% will remove paid maternity and paternity go away
• Small enterprise homeowners consider their workers are quitting primarily due to: (Forbes, 2023)
  • Greater pay (32%)
  • Higher advantages (26%)
  • Higher development alternatives (22%)
  • Versatile work-from-home choices (20%)

• 61% of workers consider they’re paid pretty for what they do, down from 67% in 2022 (Qualtrics, 2023)
• 25% of workers know their very own pay band (Lattice, 2023)
• 54% of firms solely give HR and finance departments visibility into worker pay bands (Lattice, 2023)
• 67% of U.S. workers need extra pay transparency (Lattice, 2023)
• 85% of firms acknowledge they should enhance pay fairness, 39% that they should enhance so much (Lattice, 2023)
• 59% of firms are investing in pay transparency (Lattice, 2023)
• 78% of firms are investing in pay fairness (Lattice, 2023)
• Globally, 57% of workers consider their pay is clearly linked to their efficiency (Qualtrics, 2023)
• 46% of employers are rising wage changes (Maven Clinic, 2023)
• 46% of workers reported that pay/compensation to be a very powerful component demonstrating that their employer cares for them (Metlife, 2023)
• When selecting a very powerful component that demonstrates their employer cares about them, Gen Z, Millennials, Black and Hispanic employees, employees with youngsters and workers with disabilities have been the almost definitely to decide on one thing apart from pay/compensation (Metlife, 2023)

2023 Healthcare and Wellness Advantages Statistics

• 80% of employers shifted prices to workers as an alternative of reducing advantages because of the rising price of healthcare (Aflac, 2023)
• 57% of American employees have excessive nervousness about well being care prices past what their insurance coverage covers (Aflac, 2023)
• 76% of employers suppose their workers perceive their well being care prices properly, in comparison with solely 52% of workers who report they do (Aflac, 2023)
• 43% of workers are assured they perceive all the pieces about their medical insurance insurance policies (Aflac, 2023)
• 71% of firms added or are planning so as to add worker advantages for reproductive well being wants (Maven Clinic, 2023)
• 63% of employers plan to extend household well being advantages within the subsequent 2-3 years (Maven Clinic, 2023)
• 87% of U.S. employers (91% of worldwide employers) consider household advantages are extraordinarily essential to potential and present workers (Maven Clinic, 2023)
• 64% of workers have missed work previously yr due to their household well being wants (Maven Clinic, 2023)
• 41% of workers really feel their employer may higher assist their household and reproductive well being wants (Maven Clinic, 2023)
• When contemplating household advantages, workers need: (Maven Clinic, 2023)
  • Monetary assist for constructing households (30%)
  • Help for elevating younger youngsters (28%)
  • Help for giving beginning and returning to work (26%)
• 85% of employers consider their workers are mentally wholesome, solely 65% of workers agree (Metlife, 2023)
• 87% of employers consider their workers are bodily wholesome, solely 67% of workers agree (Metlife, 2023)
• 43% of HR professionals have personally used or thought-about utilizing their firm’s EAP or psychological well being advantages (Entry Perks, 2023)
• 80% of workers older than 42 need jobs that embody employer-covered healthcare (Forbes, 2023)
• 67% of workers and 68% of employers consider employer-covered healthcare to be a very powerful profit (Forbes, 2023)
• 33% of workers and 23% of employers consider psychological well being help to be a very powerful profit (Forbes, 2023)

• 34% of workers and 34% of employers consider pension and retirement plans to be a very powerful profit (Forbes, 2023)
• In 10 years, Social Safety will solely have the ability to pay 77% of scheduled advantages, 52% selected to take part (CRR, 2023)
• 69% of personal business employees had entry to employer-provided retirement plans, 52% selected to take part (BLS, 2023)
• 92% of state and native authorities employees had entry to a retirement plan, 82% selected to take part (BLS, 2023)
• The common retiree began 2023 with $21,000 lower than that they had at the beginning of 2022 (Intelligent, 2023)
• Solely 12% of American retirees have not less than the advisable $550,000 in retirement financial savings (Intelligent, 2023)
• 37% of retirees say they don’t have anything saved for retirement (Intelligent, 2023)
• 60% of retirees say their former employers didn’t do sufficient to assist them put together for retirement (Intelligent, 2023)
• 67% of older People haven’t met with a retirement advisor to create a monetary plan (Retireable, 2023)
• 52% of retirees are contemplating taking up part-time jobs or are unsure in the event that they should (Retireable, 2023)
• 41% of close to retirees are assured of their month-to-month spending of their present state and shifting into retirement (Retireable, 2023)

• Amongst employees who deliberate blended (enterprise and leisure) journey within the coming yr, 24% did so for the fee financial savings as a result of the employer can be overlaying some prices, 24% as a result of they might journey to locations that may be tough to get to in any other case, 23% so they might deliver family members alongside and 18% to protect trip time (Morning Seek the advice of, 2023)
• 29% of workers want they might journey extra for enterprise with child boomers (32%) and low revenue earners (34%) being the almost definitely to want they might journey for enterprise extra (Morning Seek the advice of, 2023)
• 43% of workers plan to take a leisure-first blended (leisure and enterprise) journey within the subsequent yr (Morning Seek the advice of, 2023)
• 35% of workers plan to take a business-first blended (leisure and enterprise) journey within the subsequent yr (Morning Seek the advice of, 2023)
• 37% of workers anticipate to totally pay for transportation and lodging when taking a blended (enterprise and leisure) journey (Morning Seek the advice of, 2023)
• Amongst companies that made adjustments to enterprise journey insurance policies for the reason that pandemic, 60% assist fewer enterprise journeys general and 56% ship fewer workers on enterprise journeys (Morning Seek the advice of, 2023)
• At companies which have reduce on enterprise journey, 40% of workers consider the reason being to economize and 20% consider it’s due to the flexibility to fulfill nearly (Morning Seek the advice of, 2023)
• 46% of workers will journey much less for firm retreats than in pre-pandemic years (Morning Seek the advice of, 2023)
• 45% of workers will journey much less for commerce exhibits than in pre-pandemic years (Morning Seek the advice of, 2023)
• 41% of workers will journey much less for shopper conferences than in pre-pandemic years (Morning Seek the advice of, 2023)
• 40% of 42-57 year-olds are almost definitely to need necessary paid time without work from their employer (Forbes, 2023)
• 31% of workers and a negligible proportion of employers consider necessary paid time without work to be a very powerful profit (Forbes, 2023)

• Over 50% of workers need versatile hours, however solely 31% of employers consider it’s an essential perk (Forbes, 2023)
• 50% of HR leaders anticipate to keep up a distant workforce of fifty% or extra in 2023 (Lattice, 2023)
• 23% of HR leaders anticipate to keep up a 90%-100% distant workforce in 2023 (Lattice, 2023)
• 42% of HR leaders reported that workers really feel missed for promotions and raises due to diminished facetime as a result of distant work (Lattice, 2023)
• 45% of HR leaders reported that it’s onerous to trace productiveness due to diminished facetime as a result of distant work (Lattice, 2023)
• 2 in 5 of workers with versatile scheduling preparations plan to benefit from this flexibility to journey mid-week in the course of the coming yr (Morning Seek the advice of, 2023)
• 44% of organizations need workers again within the workplace however are afraid to mandate due to the tight labor market (Individuals Ingredient, 2023)
• 67% of employees want a hybrid work association with entry to a bodily work area (Future Discussion board, 2023)
• Workers who’ve full schedule flexibility have 39% larger productiveness and 64% better potential to focus than workers with no potential to shift their schedules (Future Discussion board, 2023)
• Workers with no potential to set their very own hours report 4.6x worse work-related stress and nervousness (Future Discussion board, 2023)
• Amongst desk employees globally, 49% have a hybrid association, 35% work full-time in-office and 17% work absolutely distant (Future Discussion board, 2023)
• 81% of employees need flexibility in the place they work (Future Discussion board, 2023)
• 93% of employees need flexibility in after they work (Future Discussion board, 2023)
• 42% of employers are contemplating a 4-day workweek for his or her workers (Achievers Workforce Institute, 2023)
• If workers may acquire further free time from versatile preparations, 70% of ladies and 53% of males would use that point to take care of themselves and give attention to their wellbeing. 61% of ladies and 53% of males would spend that point with household (Metlife, 2023)
• 64% of workers are inquisitive about their employer providing four-day work weeks (Metlife, 2023)
• 10% of workers really feel their employer affords no flexibility, 17% that they provide low ranges of flexibility, 46% reasonable ranges of flexibility and 27% excessive ranges of flexibility (Metlife, 2023)
• 26% of workers and 34% of employers consider work-provided gear to be a high remote-work profit (Forbes, 2023)
• 17% of workers and 20% of employers consider dwelling workplace stipends to be a high remote-work profit (Forbes, 2023)

• Giant firms of 1000+ full time workers common a ratio of 1 HR skilled for each 145 full time workers (McLean, 2023)
• 54% of workers reported excessive ranges of belief of their HR division (McLean, 2023)
• 90% of organizations are investing in linking compensation and efficiency (Lattice, 2023)
• 72% of organizations report they should enhance their method to linking compensation and efficiency (Lattice, 2023)
• Excessive performing HR groups conduct evaluations extra regularly (33% assessment quarterly whereas 22% evaluate much less regularly) and embody extra individuals in these evaluations (4.5 members vs. 2.9 members) (Lattice, 2023)
• 27% of HR groups use software program instruments and platforms to establish bias in efficiency evaluations (Lattice, 2023)
• 53% of firms have invested in supervisor coaching to scale back bias in efficiency evaluations (Lattice, 2023)
• The #1 purpose that organizations spend money on advantages is to point out workers that they care (Metlife, 2023)
• 88% of firms and 82% of workers consider it’s essential for employers to care for his or her workforce (Metlife, 2023)
• 87% of employers consider their organizations show care, whereas solely 65% of workers agree (Metlife, 2023)
• 95% of HR professionals are recalibrating their firm’s profit methods in 2023 (Care.com, 2023)
• 47% of HR professionals are trimming general worker advantages in 2023 (Care.com, 2023)
• 9% of HR professionals plan to develop worker advantages in 2023 (Care.com, 2023)
• 94% of HR professionals take note of their opponents’ advantages packages (Care.com, 2023)
• 89% of workers select the identical advantages every year (Aflac, 2023)
• 65% of workers reported that working with a advantages advisor is essential to them (Aflac, 2023)

• 35% of HR professionals report that their group offers development paths and workers (Lattice, 2023) perceive them, 33% report that paths exist however workers don’t perceive them and 32% have few outlined development paths (Lattice, 2023)
• 58% of workers are happy with the skilled development and coaching alternatives supplied by their employers (Metlife, 2023)
• In 2023, 46% of HR professionals are prioritizing childcare extra and 43% are prioritizing senior care extra (Care.com, 2023)
• If HR professionals may solely provide one household care profit: (Care.com, 2023)
  • 22% would select senior care providers
  • 12% would select on-site youngster care
  • 9% would select paid membership to on-line platforms to search out care
  • 5% would select new father or mother assist
• 32% of HR professionals report that their workers are requesting senior care providers and 30% requesting childcare advantages (Care.com, 2023)
• 81% of HR professionals say they’re extra tolerant for workers caring for members of the family in 2023 (Care.com, 2023)
• 42% of HR professionals consider care-related worker advantages needs to be funded by the federal government (Care.com, 2023)
• 83% of employers would provide childcare advantages if that they had extra authorities assist (Care.com, 2023)
• 47% of workers report that household advantages supplied by employers make them really feel appreciated (Maven Clinic, 2023)
• 30% of 18-41 year-olds are most involved with having pet insurance coverage obtainable as a profit (Forbes, 2023)
• 45% of workers and 43% of employers consider life insurance coverage to be a very powerful profit (Forbes, 2023)
• 51% of workers and 47% of employers worth work-life stability as a very powerful component of firm tradition (Forbes, 2023)
• 11% of workers and eight% of employers named camaraderie an essential cultural profit (Forbes, 2023)
• 24% of workers named worker reductions as an essential perk for in-office work (Forbes, 2023)
• 20% of employees need employers to assist their skilled improvement (Forbes, 2023)
• 31% of employers consider it’s essential to supply free drinks and 28% that it’s essential to supply free meals as a fringe profit, however few workers agree (Forbes, 2023)