Keep reading if you work in one of these industries:
- Professional services
- Financial services
- Food service
- Wholesale trade
- Health care
If you’re considering changing or expanding your insurance benefits package, you’d be wise to gain insight into what employees from your industry think about their benefits, plus what other employers are offering, hiring and compensation numbers, and more. You’ll also find facts sheets by company size and geographic location.
A sample of the kind of information you’ll find in the 11 industry facts sheets includes:
- 74 percent of employees in the construction industry are extremely or very satisfied with their jobs, the highest of the 11 industries listed above.
- In the education industry, 52 percent of employees have less than $1,000 to pay for unexpected out-of-pocket medical expenses; 27 percent of employees have less than $500.
- Only 44 percent of employees in retail are extremely or very satisfied with their jobs.
- 27 percent of employees in wholesale trade have been contacted by a collection agency about outstanding medical bills.
- The technology industry had the highest amount of people who reported earning $150,000 or more a year, at 24 percent.
- Twenty-five percent of business decision-makers from the health care and professional services industries reported they plan to increase employee copays in 2015.
- Sixty-five percent of employees in financial services are at least somewhat likely to accept a job with slightly lower pay but better benefits.
- Of the 11 industries, government and manufacturing reported having the lowest number of millennials at 19 and 22 percent, respectively.
- 61 percent of employees in the accommodation and food service industry are extremely or very satisfied with their benefits packages.
- 37 percent of employees in professional services would need to borrow from a 401(k) or use a credit card to cover unexpected medical costs.
The 2015 Aflac WorkForces Report is the fifth annual Aflac employee benefits study. Conducted in February 2015, the report captured responses from 1,977 benefits decision-makers and 5,337 employees from across the United States.