metlife employee benefits trends study release two final

7/27/2019 MetLife Employee Benefits Trends Study Release Two FINAL

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Fifty-eight percent of employees are concerned about having enough money to makeends meet;

Fifty-three percent describe themselves as living paycheck to paycheck.Addressing Loyalty ConcernsHowever, while the number of companies stating that a voluntary benefits strategy is important

has grown from 32% in 2010 to 58% in 2012, employers may be concerned about the effect ofbenefits cost-sharing on employee loyalty.

According to the MetLife study, less than half (47%) of employee respondents report feelingvery loyal to their company and a third (34%) of employees strongly agree with the statement,

Having to pay a larger share of my benefits premium costs would make me feel less loyal to my

employer. But this does not mean that employers should shy away from voluntary benefits.

A strategic use of voluntary benefit offerings can actually be a loyalty booster and a smart

solution when walking this loyalty and budget tightrope, added Fradkin. Smart employerscount on the importance of benefits for their employees and build on the fact that employees

place even greater value on having benefits that meet their individual needs. According to the

study, 77% of workers say that they value a variety of benefits to choose from as well as morepersonalized options.

This gives employers an opportunity to strategically and cost-effectively expand their benefitsportfolio by adding voluntary health benefits without concern about a negative impact on loyalty.

Sixty-one percent of employees report that having a choice of benefits that lets them customize a

benefits program to meet their needs would increase their loyalty to their employer.

Taking ActionEmployers can receive actionable steps on the strategic use of voluntary benefit offerings and

walking the loyalty/budget tightrope at BenefitTrends.MetLife.com. Additional insights fromMetLifes 11th Annual Study of Employee Benefits Trends will be added to the website

throughout the year, and visitors to the website can sign-up to receive automatic updates as new

data is posted.

Methodology

MetLifes 11th Annual Study of Employee Benefits Trends was conducted during October 2012

and consisted of two distinct studies fielded by GfK Custom Research North America. Theemployer survey comprised 1,503 interviews with benefits decision-makers at companies with

staff sizes of at least two employees. The employee sample comprised 1,422 interviews with full-time employees age 21 and over, at companies with a minimum of two employees.

About GfK

GfK is one of the worlds largest research companies, with more than 11,500 experts working to

discover new insights into the way people live, think and shop, in over 100 markets, every day.

GfK is constantly innovating and using the latest technologies and the smartest methodologies togive its clients the clearest understanding of the most important people in the world: their


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customers. To find out more, visit www.gfk.com/us or follow GfK on Twitter:

www.twitter.com/gfk_en.

About MetLife

Metropolitan Life Insurance Company (MetLife) is a subsidiary of MetLife, Inc. (NYSE: MET),

a leading global provider of insurance, annuities and employee benefit programs, serving 90million customers in over 50 countries. Through its subsidiaries and affiliates, MetLife holds

leading market positions in the United States, Japan, Latin America, Asia Pacific, Europe and the

Middle East. For more information, visit www.metlife.com.# # #

metlife employee benefits trends study release two final

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