Sixty million people are employed by companies with 50 employees or less. A recent survey by Guardian Life Insurance Company found that 40% of those employees say that their benefits positively impact their health. Low unemployment and competition for workers has 61% of small businesses looking at benefit packages as a way to attract employees. When employees value these offerings, it enhances loyalty and retention. The study shows that women and millennial owners place more importance on benefits that support financial, health and emotional well being.
While reports vary on the ROI of wellness benefits, they are becoming an expectation in the workforce that makes them invaluable in creating a culture in which employees feel valued.