Intuit QuickBooks and Allstate Health Solutions Survey Finds 78% of Employees Would Find a New Job If Their Benefits Package Was Inadequate
13 Agosto 2024 - 9:30AM
Business Wire
Survey highlights the impact of employee
benefits packages on workforce productivity, satisfaction, and
retention across small and large businesses
In today’s competitive job market, a new Intuit QuickBooks
survey, conducted in collaboration with Allstate Health Solutions,
emphasizes the important role healthcare benefits play when it
comes to an employer’s ability to retain and hire employees. More
than two-thirds of employees surveyed said healthcare benefits are
second only to salary when considering a job offer, and 78% said
they would find a new job if their benefits package was inadequate.
These findings and more can be found in the 2024 Intuit QuickBooks
Allstate Health Solutions Benefits Survey. Intuit Inc. (NASDAQ:
INTU) is the global financial technology platform that makes
TurboTax, Credit Karma, QuickBooks, Mailchimp.
The survey engaged 1,000 employees from small and large
businesses all enrolled in their company’s health insurance
plan.
With macroeconomic challenges such as rising interest rates and
inflation, employees face more challenges when it comes to managing
their health benefits costs. In fact, 23% of employees surveyed
across small and large companies said they struggle to afford their
employer-provided benefits and most workers (62% at smaller and 66%
at larger companies) think their monthly contributions are too
high.
“With the historically low unemployment rates in the US,
businesses can't afford to lose employees in today's competitive
market,” said Laurent Sellier, Senior Vice President, Intuit
QuickBooks Payroll Solutions. “Our research shows that employees
are placing higher value on health benefits when it comes to their
job satisfaction, but many are finding it difficult to manage
benefits costs in today’s economic climate. For that reason,
maintaining competitive benefits packages at an affordable price is
vital to employee retention.”
Additional findings include:
- Medical Costs Impact Ability to Save Long-Term: Most
workers at small (71%) and large companies (63%) have struggled to
save long-term for emergencies or retirement because of medical
costs. And more than a quarter of women at small and large
companies report medical costs have significantly impacted their
ability to meet long-term financial goals, compared to 18% of
men.
- Range and Choice of Benefits Matter: Nearly 60% of
employees want a range of benefits options to choose from,
including Health Maintenance Organizations (HMOs), Preferred
Provider Organizations (PPOs), and Flexible Spending Accounts
(FSAs). In addition, 50% at small and 61% at larger companies want
the choice of adding supplemental benefits, including dental,
vision, mental health, pet insurance, and more.
- Job Satisfaction and Productivity are Tied to Benefits:
More than 9 out of 10 employees at both small and large companies
connect their overall job satisfaction to their benefits, and a
substantial majority say inadequate coverage of medical needs could
impact their ability to be productive while on the job, as noted by
68% of employees at smaller companies and 72% at larger
businesses.
“We understand that employees seek comprehensive and flexible
benefits that support their well-being,” said David Essary,
President at Allstate Benefits and Allstate Health Solutions. “Our
partnership with Intuit QuickBooks ensures seamless connected,
embedded insurance that enhances employee satisfaction and
retention while helping businesses attract top talent.”
Read the complete 2024 Intuit QuickBooks Allstate Benefits
Survey results here.
To support talent retention and hiring, QuickBooks recently
partnered with Allstate Health Solutions to provide businesses with
expanded health insurance options for their employees. To learn
more about QuickBooks partnership with Allstate Health Solutions,
visit https://quickbooks.intuit.com/payroll/employee-benefits/.
2024 Intuit QuickBooks Allstate Benefits Survey
Methodology
The survey was conducted by Wakefield Research among 500
employed adults working at companies of 5 to 100 employees and 500
employed adults working at companies with more than 100 employees,
all of whom are currently enrolled in their company's health
insurance plan, between May 24th and May 31st, 2024, using an email
invitation and an online survey. Data has been weighted using data
from the most recent Current Population survey conducted by the
U.S. Census Bureau and the U.S. Bureau of Labor Statistics, for
audience segment categories, including gender, age, region,
ethnicity, race, education, income, and urbanicity. The results of
any sample are subject to sampling variation. The magnitude of the
variation is measurable and is affected by the number of interviews
and the level of the percentages expressing the results. For the
interviews conducted in this particular study, the chances are 95
in 100 that a survey result does not vary, plus or minus, by more
than 4.4 percentage points for both the 5-100 segment and the more
than 100 employees segment.
About Intuit
Intuit is the global financial technology platform that powers
prosperity for the people and communities we serve. With
approximately 100 million customers worldwide using products such
as TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe
that everyone should have the opportunity to prosper. We never stop
working to find new, innovative ways to make that possible. Please
visit us at Intuit.com and find us on social for the latest
information about Intuit and our products and services.
About Allstate
The Allstate Corporation (NYSE: ALL) protects people from life’s
uncertainties with a wide array of protection for autos, homes,
electronic devices and identity theft. Products are available
through a broad distribution network including Allstate agents,
independent agents, major retailers, online and at the workplace.
Allstate is widely known for the slogan “You’re in Good Hands with
Allstate.” For more information, visit www.allstate.com.
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Intuit QuickBooks: Kim Amsbaugh 650-224-3645
Kim_Amsbaugh@Intuit.com
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