Press release
Intuit QuickBooks and Allstate Health Solutions Survey Finds 78% of Employees Would Find a New Job If Their Benefits Package Was Inadequate
Survey highlights the impact of employee benefits packages on workforce productivity, satisfaction, and retention across small and large businesses MOUNTAIN
About this update from Intuit Inc.
[{"type":"text","content":"\nSurvey highlights the impact of employee benefits packages on workforce productivity, satisfaction, and retention across small and large businesses\n\n\n MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--\nIn 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.\n\n\nThe survey engaged 1,000 employees from small and large businesses all enrolled in their company’s health insurance plan.\n\n\nWith 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.\n\n\n“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.”\n\n\nAdditional findings include:\n\n\n\nMedical 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 ...