Zywave Survey: Voluntary Benefits Benchmarking Overview
In November 2023, Zywave conducted its 2023 Attraction and Retention Employee Pulse Survey to collect employers’ insights into attraction and retention challenges, workplace strategies and voluntary benefits utilization.
Overview
This survey provides valuable insights into voluntary benefits trends and strategies. Key findings from the survey suggest that many employers view offering or expanding their voluntary benefits programs as an effective strategy to address their attraction and retention challenges in 2024, especially as many organizations struggle to meet their workers’ demands for increased compensation. This report compiles employer responses to the survey questions and provides general insights and takeaways regarding voluntary benefits.
Employer Takeaways
The responses to the 2023 Attraction and Retention Employer Pulse Survey suggest that even though the labor market may be softening, employers’ attraction and retention struggles will continue through 2024.
Being aware of these survey results and their effects can empower savvy employers to differentiate themselves from their competition.
The most effective voluntary benefits strategies will vary by organization; however, employers who take a proactive approach to their benefits programs will be better positioned to meet their employees’ needs and find longer-term solutions to address their attraction and retention challenges.
© 2024 Zywave, Inc. All rights reserved.
This 2023-24 Voluntary Benefits Benchmarking Overview is from the 2023 Attraction and Retention Employer Pulse Survey conducted by Zywave for informational purposes.
