Three in four employers say their top reason for offering voluntary benefits is to expand the benefits options available to their employees, according to a new survey.
Prudential Financial Inc., Newark, N.J., released this finding in the second in a series of research briefs stemming from Prudential’s Sixth Annual Study of Employee Benefits: Today & Beyond. The research was conducted via the Internet during April and May and consisted of three surveys of plan sponsors, plan participants, and broker/consultant audiences.
The study found that 42% of employers offer voluntary benefits to fulfill an employee need. And 30% offer them at their employees’ request. Voluntary benefits are optional programs that are made available at the workplace and are 100% paid for by employees.