Health Benefits Are the Priority for Working Americans Over Salaries

Tuesday, 17 September 2024, 06:00

Health benefits are prioritized by three-quarters of working Americans over higher salaries, according to Voya Financial's recent research. This shift highlights the growing importance of workplace benefits as employees head into the 2024 open enrollment season. As companies navigate these changing priorities, understanding employee needs becomes crucial.
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Health Benefits Are the Priority for Working Americans Over Salaries

Understanding Employee Preferences for Health Benefits

According to a recent survey conducted by Voya Financial, Inc. (NYSE: VOYA), the preference for health benefits has soared among working Americans.

The Shift in Priorities

Three-quarters of respondents noted that they would favor health benefits over a higher salary during the next open enrollment period. This indicates a significant trend in employee motivation and workplace satisfaction.

Implications for Employers

  • Employers must adapt to this new reality by enhancing their benefits packages.
  • Health benefits can serve as a valuable tool for attracting and retaining talent.
  • Investing in comprehensive health benefits aligns with current workforce priorities.

Conclusion: A New Era of Workplace Benefits

The evolving viewpoint on health benefits suggests a broader shift in workplace dynamics. Employers who prioritize health and well-being in their benefits offerings may find themselves better positioned to succeed as they head into the 2024 enrollment season.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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