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 1,000 full-time U.S. employees examining the relationship between benefits and employee turnover. Key findings include:
- Nearly half of employees considered a job change in the past 2 years, and desire for better benefits was a driver for 36% of them.
- There is a direct link between benefits satisfaction and talent retention; those who are dissatisfied with their benefits are 75% more likely to consider or make a job change.
- Affordability impacts benefits adoption; nearly half of employees earning less than $100 thousand per year do not take full advantage of their workplace benefits because they can’t afford to do so.
This research was cited in GlobeNewswire and MarketScreener.
