Benefits August 27, 2007

Survey: Workers Rank Health Insurance as Most Prized Benefit

August 23, 2007 (PLANSPONSOR.com) - More workers ranked health insurance as the most valuable employee benefit than retirement savings plans and paid time off, a recent survey by SnagAJob.com found.
Reported by

Sixty-one percent of workers surveyed said health insurance was their most valuable benefit, followed by a retirement savings plan (19%), and paid time off (11%). Health care also was cited as the single most important issue facing the country (21%).

Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.

Workers indicated they worried most about large future expenses, such as retirement and children’s education, with 44% of survey respondents ranking future expenses as their primary concern. Health concerns and family issues, including how they will be cared for, tied for second at 17% each.

The survey also gauged employee job satisfaction and found more than 60% of workers are very happy with their positions.

Workers living in the Western region of the U.S. reported the greatest amount of job satisfaction at 67%, compared to 64% in the Midwest, 59% in the South, and 52% in the Northeast.

Married workers are more satisfied with their jobs (64%) than non-married workers (54%), according to survey results.

More than half of all hourly workers (56%) said they consider their job as their full-time career, especially men (62%). As a whole, two in five hourly workers (39%) reported having a household income of $50,000 or more.

«