HealthEquity, the #1 Health Savings Account administrator, partnered with 8 Acre Perspective to conduct a series of market research studies related to the firm’s mission to improve financial wellbeing, healthcare, and equity outcomes. This study was based on research among 174 Human Resources leaders and designed to understand top challenges and strategies related to benefits design. Key insights include:
- HR Leaders recognize the importance of benefits to talent retention amid high turnover but feel constrained in their ability to design an optimal benefits offering.
- Cost is the top concern among HR professionals surveyed: nearly half say managing benefit costs is like trying to buy a steak dinner on a spaghetti budget.
- Plenty of room exists to boost HSA adoption and maximize cost savings, but lack of employee understanding is a top obstacle to overcome.
This research was picked up by GlobeNewswire, MarketScreener, Benefits Pro, and Industry Dive.
