STOCK TITAN

Intuit QuickBooks and Allstate Health Solutions Survey Finds 78% of Employees Would Find a New Job If Their Benefits Package Was Inadequate

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags

A new survey by Intuit QuickBooks and Allstate Health Solutions reveals the critical role of healthcare benefits in employee retention and hiring. 78% of employees would seek new employment if their benefits package was inadequate. The survey, involving 1,000 employees from small and large businesses, found that healthcare benefits rank second only to salary when considering job offers.

Key findings include:

  • 23% of employees struggle to afford employer-provided benefits
  • 71% of workers at small companies and 63% at large companies face challenges saving long-term due to medical costs
  • 60% of employees desire a range of benefits options
  • Over 90% of employees link job satisfaction to benefits

The survey highlights the importance of competitive, affordable benefits packages in today's tight labor market.

Un nuovo sondaggio condotto da Intuit QuickBooks e Allstate Health Solutions mette in luce il ruolo fondamentale dei benefici sanitari nella fidelizzazione e nel reclutamento dei dipendenti. Il 78% dei lavoratori sarebbe disposto a cercare nuove opportunità di lavoro se il pacchetto di benefici fosse inadeguato. Il sondaggio, che ha coinvolto 1.000 dipendenti di piccole e grandi aziende, ha rilevato che i benefici sanitari si collocano secondi solo dopo lo stipendio nella considerazione delle offerte di lavoro.

I risultati chiave includono:

  • Il 23% dei dipendenti fatica a permettersi i benefici offerti dal datore di lavoro
  • Il 71% dei lavoratori delle piccole aziende e il 63% di quelli delle grandi aziende affrontano difficoltà a risparmiare nel lungo termine a causa dei costi medici
  • Il 60% dei dipendenti desidera un'ampia gamma di opzioni per i benefici
  • Oltre il 90% dei lavoratori collega la soddisfazione lavorativa ai benefici

Il sondaggio sottolinea l'importanza di pacchetti di benefici competitivi e sostenibili nel mercato del lavoro attuale, caratterizzato da una forte concorrenza.

Una nueva encuesta realizada por Intuit QuickBooks y Allstate Health Solutions revela el papel crítico de los beneficios de salud en la retención y contratación de empleados. El 78% de los trabajadores buscaría nuevas oportunidades laborales si su paquete de beneficios fuera inadecuado. La encuesta, que involucró a 1,000 empleados de empresas pequeñas y grandes, encontró que los beneficios de salud ocupan el segundo lugar, solo detrás del salario al considerar ofertas de trabajo.

Los hallazgos clave incluyen:

  • El 23% de los empleados tiene dificultades para costear los beneficios proporcionados por el empleador
  • El 71% de los trabajadores en empresas pequeñas y el 63% en grandes empresas enfrentan desafíos para ahorrar a largo plazo debido a los costos médicos
  • El 60% de los empleados desea una variedad de opciones de beneficios
  • Más de el 90% de los trabajadores vinculan la satisfacción laboral con los beneficios

La encuesta resalta la importancia de contar con paquetes de beneficios competitivos y asequibles en el actual ajustado mercado laboral.

인튜잇 퀵북스올스테이트 헬스 솔루션의 새로운 조사에 따르면 의료 혜택이 직원 유지 및 채용에서 중요한 역할을 하고 있는 것으로 나타났습니다. 78%의 직원은 혜택 패키지가 불충분할 경우 새로운 직장을 찾겠다고 응답했습니다. 이 조사는 중소기업과 대기업의 1,000명의 직원을 대상으로 실시되었으며, 의료 혜택은 급여 다음으로 두 번째로 중요한 요소로 평가되었습니다.

주요 발견 사항은 다음과 같습니다:

  • 23%의 직원이 고용주 제공 혜택을 부담하는 데 어려움을 겪고 있습니다.
  • 중소기업 근로자의 71%대기업 근로자의 63%가 의료 비용으로 인해 장기적으로 저축하는 데 어려움을 겪고 있습니다.
  • 60%의 직원이 다양한 혜택 옵션을 원합니다.
  • 90% 이상의 직원이 직무 만족도를 혜택과 연결하고 있습니다.

이 조사는 현재 치열한 노동 시장에서 경쟁력 있고 저렴한 혜택 패키지의 중요성을 강조합니다.

Une nouvelle enquête menée par Intuit QuickBooks et Allstate Health Solutions révèle le rôle essentiel des avantages en matière de santé dans la rétention et le recrutement des employés. 78 % des employés envisageraient de chercher un nouvel emploi si leur package d'avantages était inadéquat. L'enquête, impliquant 1 000 employés provenant de petites et grandes entreprises, a révélé que les avantages en matière de santé ne sont dépassés que par le salaire lorsqu'il s'agit de considérer les propositions d'emploi.

Les principaux résultats incluent :

  • 23 % des employés ont du mal à se permettre les avantages fournis par l'employeur
  • 71 % des travailleurs des petites entreprises et 63 % des grandes entreprises rencontrent des difficultés à épargner à long terme en raison des frais médicaux
  • 60 % des employés souhaitent bénéficier d'un large éventail d'options
  • Plus de 90 % des employés associent la satisfaction au travail à ces avantages

L'enquête souligne l'importance de proposer des packages d'avantages compétitifs et abordables sur le marché du travail actuel, qui est très concurrentiel.

Eine neue Umfrage von Intuit QuickBooks und Allstate Health Solutions zeigt die wichtige Rolle von Gesundheitsleistungen für die Mitarbeiterbindung und -rekrutierung auf. 78 % der Mitarbeiter würden eine neue Anstellung in Betracht ziehen, wenn ihr Leistungspaket unzureichend wäre. Die Umfrage, an der 1.000 Mitarbeiter aus kleinen und großen Unternehmen beteiligt waren, ergab, dass Gesundheitsleistungen nur nach dem Gehalt den zweiten Platz bei der Berücksichtigung von Stellenangeboten einnehmen.

Wichtige Ergebnisse sind:

  • 23 % der Mitarbeiter haben Schwierigkeiten, die vom Arbeitgeber bereitgestellten Leistungen zu bezahlen
  • 71 % der Arbeiter in kleinen Unternehmen und 63 % in großen Unternehmen haben aufgrund von Gesundheitskosten Schwierigkeiten, langfristig zu sparen
  • 60 % der Mitarbeiter wünschen sich eine Vielzahl von Leistungsoptionen
  • Über 90 % der Mitarbeiter verbinden die Arbeitszufriedenheit mit den Leistungen

Die Umfrage hebt die Bedeutung wettbewerbsfähiger und bezahlbarer Leistungspakete auf dem heutigen angespannten Arbeitsmarkt hervor.

Positive
  • None.
Negative
  • None.

Survey highlights the impact of employee benefits packages on workforce productivity, satisfaction, and retention across small and large businesses

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- 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.

Intuit QuickBooks:

Kim Amsbaugh

650-224-3645

Kim_Amsbaugh@Intuit.com

Source: Intuit Inc.

FAQ

What percentage of employees would look for a new job if their benefits package was inadequate according to the Intuit QuickBooks survey?

According to the 2024 Intuit QuickBooks Allstate Health Solutions Benefits Survey, 78% of employees said they would find a new job if their benefits package was inadequate.

How do employees rank healthcare benefits when considering a job offer, as per the INTU survey?

The survey found that more than two-thirds of employees consider healthcare benefits second only to salary when evaluating a job offer.

What percentage of employees struggle to afford their employer-provided benefits, according to the Intuit QuickBooks survey?

The survey revealed that 23% of employees across small and large companies struggle to afford their employer-provided benefits.

How has saving for emergencies or retirement been affected by medical costs, according to the INTU survey?

The survey found that 71% of workers at small companies and 63% at large companies have struggled to save long-term for emergencies or retirement because of medical costs.

What percentage of employees want a range of benefits options to choose from, as per the Intuit QuickBooks survey?

Nearly 60% of employees surveyed want a range of benefits options to choose from, including HMOs, PPOs, and FSAs.

Intuit Inc

NASDAQ:INTU

INTU Rankings

INTU Latest News

INTU Stock Data

189.37B
272.63M
2.89%
86.84%
1.37%
Software - Application
Services-prepackaged Software
Link
United States of America
MOUNTAIN VIEW