---
title: "Do You Know What Benefits Are Important to Your Employees?"
url: https://burnaze.com/article/b93bd342-6662-461c-8741-902486797646
source: "Franchising.com"
original_url: https://www.franchising.com/articles/do_you_know_what_benefits_are_important_to_your_employees.html
author: "Kerry Pipes"
category: "General"
topics: ["Operations"]
published: 2023-02-14T09:00:00.000Z
modified: 2026-10-31T20:35:24.568Z
image: https://imgs.franchising.com/art/articles/7379_plate.jpg
---

# Do You Know What Benefits Are Important to Your Employees?

**TL;DR:** A survey by Forbes Advisor found that 40% of workers would leave their current job to find employment that offers better benefits, with employer-covered healthcare and life insurance being the most important benefits. The survey also found that 62% of businesses have changed their benefit offerings in the past year.

*By Kerry Pipes, originally published in Franchising.com on 2023-02-14. [Read the original](https://www.franchising.com/articles/do_you_know_what_benefits_are_important_to_your_employees.html).*

## Story

The Great Resignation and “quiet quitting” movements are forcing employers to provide more comprehensive and competitive benefits packages to retain their best employees, according to a new survey by Forbes Advisor. The study found that 40% of workers would leave their current job to find employment that offers better benefits. The survey also found that 62% of businesses have changed their benefit offerings in the past year.

Here, according to the study, are the most important benefits for American workers: **Employer-covered healthcare:** 67% of employees and 68% of employers believe this to be the most important benefit. **Life insurance:** 45% of employees and 43% of employers named this a top benefit. **Pension and retirement plans:** 34% of employees and 34% of employers agree that planning for the future is vital.

**Mandatory paid time off:** Employees value mandatory paid time off more highly than employers are aware: 31% of employees named this a top benefit, but it didn’t reach the top five benefits among employers. **Mental health assistance:** 33% of employers named this a top benefit while only 23% of employees listed it. Other key findings from the report: Forty percent of employers say they believe workers leave their job to find employment that offers better benefits.

More than half of American workers (54%) report being content with the benefits their current employer offers. One in 10 workers would take a pay cut to have access to better benefits. More than 30% of 18–41-year-olds are most concerned with having pet insurance available as a benefit.

Nearly 40% of 42–57-year-olds are most likely to want mandatory paid time off from their employer. More than 80% of employees older than 42 are looking for roles that include employer-covered healthcare. Forbes Advisor commissioned the survey of 1,000 employed Americans and 1,000 business owners.

## Entities

- Franchising.com (publication)
- General (sector)
- Kerry Pipes (person)
- employee benefits (topic)
- job satisfaction (topic)
- Forbes Advisor (company)
- healthcare benefits (topic)
- life insurance benefits (topic)

---
Originally reported by Kerry Pipes, Franchising.com (https://www.franchising.com/articles/do_you_know_what_benefits_are_important_to_your_employees.html). Summarized by Burnaze (https://burnaze.com/article/b93bd342-6662-461c-8741-902486797646).