Benefits and Retention: The Data Speaks
Surveys show that nearly 40% of employees leave jobs for better benefits. Health insurance, paid leave, and wellness resources consistently rank as the top factors in employee satisfaction. For employers, offering the right mix of benefits can mean the difference between retaining top performers and losing them to competitors.
Yet many employers still offer outdated or bare-minimum packages. For example, a company might provide basic medical insurance but no dental, vision, or wellness support. This leaves employees feeling unvalued and pushes them to look elsewhere. With Benefit Boost Consulting, employers can transform these limited plans into comprehensive packages—adding zero out-of-pocket options, wellness programs, or supplemental protections—without drastically increasing costs.
ROI Beyond Retention
Offering strong benefits isn’t just about keeping employees—it’s about maximizing productivity and reducing turnover costs. Every time an employee leaves, companies face expenses tied to recruitment, training, and lost productivity. A SHRM study estimates that replacing an employee can cost 6 to 9 months of their salary. Investing in a robust benefits package is often more cost-effective than dealing with high churn rates.
Benefit Boost addresses this gap by helping companies implement benefits that drive ROI instead of draining resources. For instance, a typical plan may force employees into high deductibles, which discourages preventive care and leads to higher claims later. Benefit Boost’s zero-cost and supplemental options encourage early treatment, keeping employees healthier and reducing claims. This proactive approach translates into fewer absences, stronger morale, and measurable savings for employers.
Building a Culture of Care
Employees who feel supported in their health and wellness are more engaged at work. This doesn’t just improve morale—it strengthens company culture. Employers in states like New York and New Jersey, where competition is steep, are finding that a culture of care sets them apart, especially when backed by modern, flexible benefits packages.
Many companies struggle here. They might tout “great culture” but fail to back it up with real support. A ping-pong table or free snacks can’t compete with the peace of mind that comes from knowing medical bills won’t wipe out a paycheck. Benefit Boost ensures companies build a culture of genuine care by aligning benefit packages with employees’ most pressing needs—health, security, and financial well-being.
Benefit Boost Consulting helps employers transform their benefits from “nice-to-have” to “must-have” solutions. We design programs that improve retention, increase ROI, and show your employees you truly value them. Reach out today to explore how we can help you strengthen your workforce.
