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NAPA Net - Polling Places 120718

Value Benefits More Than a Bump in Pay?

A recent AICPA survey found that employees - by a whopping 4 to 1 margin - would choose a job with benefits over an identical job that offered 30% more salary but no benefits.  What do you think?

Of course, depending on the benefits (and salary), benefit costs add up to about 30% of pay – and so, while financially the tradeoff might be seen as “equal”.  Interestingly though, employed adults appear to overestimate the value of their benefits – assuming that their benefits represent 40% of their total compensation package, though the Bureau of Labor Statistics, puts that figure at about 31.7%.
1.Do you believe that most of the workers with which you come in contact would prefer benefits over a 30% boost in pay?
2.Do you believe that most of the workers that you come in contact with know the value of their benefits?
3.It's long been touted that benefits are designed to attract and retain qualified workers.  Do you believe that is still true?
4.What, if anything, have you/your plan sponsor clients done to help workers better understand/appreciate the value of their benefits?
5.Do YOU know the value of YOUR benefits?
6.While you've almost certainly, at one point or another in your career, changed jobs because of compensation - have you ever changed - or stayed with - an employer because of benefits?
7.Other comments about benefits, the value of benefits, knowing the value of benefits, communicating the value of benefits, taking full advantage of benefits, or helping workers better understand - and take full advantage of - benefits, or life in general?
8.What is your role working with retirement plans?
9.What size plans do you PRIMARILY work with?
10.Suggestions for future survey questions?
11.All responses are anonymous and confidential, of course - but if you'd like me to know who you are, or allow for a response, you can leave your email below...
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