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STUDY OF EMPLOYEE BENEFITS: 2006 & BEYOND - Prudential

STUDY OF EMPLOYEE BENEFITS: 2006 & BEYOND - Prudential

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Employee Concerns Extend Beyond Financial Needs<br />

Overtime, travel, and e-mail all require more time and commitment from employees.<br />

The quid pro quo of this more demanding “just-in-time” society is employees asking<br />

for consideration with more flexible and paid time off when possible. Employers and<br />

employees have done well working together to meet each other’s needs in these areas.<br />

Quite surprising, and likely a function of our very stressful and often confusing<br />

environment, 52% of employees would value more mental health counseling. Today,<br />

we know most employees will face one or more difficult periods during their career,<br />

and the range of potential situations across a given employee population is vast.<br />

Well understood by retail product markets, but not yet fully appreciated by employers,<br />

83% of employees are trying to achieve an overall holistic sense of a healthy lifestyle.<br />

This broader definition of wellbeing will likely necessitate continued evaluation<br />

of environment, workplace systems, and benefits to meet employee needs and<br />

maximize effectiveness.<br />

TOP LIFESTYLE CONCERNS<br />

Employer perceptions of importance to employees<br />

Employee actual importance<br />

Point<br />

Difference<br />

Flexible/generous<br />

paid time-off policies<br />

Flexible workplace<br />

arrangements<br />

Mental health counseling<br />

Healthy lifestyle<br />

61%<br />

66%<br />

46%<br />

57%<br />

30%<br />

52%<br />

36%<br />

83%<br />

5<br />

11<br />

22<br />

47<br />

19

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