U.S. workers feel uneasy and less positive about the workplace and the value of their employee benefits, according to a new report.
Show Them the Value, a study released by Newark, N.J.-based Prudential Financial, found that more workers believe their employers are cutting back on benefits, a perception that negatively affects their attitudes toward the value of the benefits.
The report provides insight from benefits plan participants, benefits plan sponsors, and benefits brokers and consultants. Lori High, president of Prudential’s Group Insurance business, said the findings can be used to help employees prepare for annual enrollment and to support employers’ business planning and strategy development.
The study additionally found that:
What Your Peers Are Reading
–A clear linkage exists between the effectiveness of employee communications and the perceived value of benefits. Workers who rate their benefits communications as “highly effective” see greater value in their benefits package.