A new study from Forbes Advisor, in collaboration with OnePoll, surveyed 1,000 Americans in the workforce, as well as 1,000 business owners with the hopes of identifying the “best emplzoyee benefits in 2023.”  

The study’s authors found that 62% of businesses have changed their benefits plans in the past year, and that 40% of workers would leave their job to find a role with better employee benefits.

Other key findings include:

• One in 10 workers would take a pay cut to access better benefits.
• 54% of Americans report being content with their current benefits plan.
• Almost 40% of employees between 42-57 years old want mandatory paid time off from their employer.  

What Are the Top Five Most-Wanted Benefits?

According to the study, here are the most-wanted benefits in order of importance.  

• Employer-covered healthcare (67% of employees and 68% of employers)
• Life insurance (45% of employees and 43% of employers)  
• Pension and retirement plans (34% of employees and 34% of employers)  
• Mandatory paid time off (31% of employees whereas no employers ranked this among the top five)  
• Mental health assistance (33% of employees and 23% of employers)  

What Are the Top Reasons Employees Are Quitting?

In the survey, small business owners reporting thinking that employees are quitting for the following top reasons:

• Higher pay (32%)
• Better benefits (26%)
• Better advancement opportunities (22%)
• Flexible work-from-home options (20%)

To read the study’s complete findings, click here to read the complete report.

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