The State of Voluntary Benefits - Prudential
The State of Voluntary Benefits - Prudential
The State of Voluntary Benefits - Prudential
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Cost, convenience, and competitiveness are<br />
the top three advantages for employers.<br />
Advantages <strong>of</strong><br />
<strong>of</strong>fering voluntary<br />
benefits<br />
67 %<br />
59 %<br />
52 %<br />
36 %<br />
4 %<br />
Lower cost <strong>of</strong> some benefits<br />
Convenient (pay via payroll deductions<br />
Maintain competitiveness <strong>of</strong> benefits program with little or no cost<br />
Guaranteed issue<br />
No advantages<br />
40 %<br />
Of employers<br />
strongly agree that<br />
<strong>of</strong>fering voluntary<br />
benefits has had<br />
an impact on their<br />
employees’<br />
satisfaction with<br />
their benefits<br />
program<br />
11
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