Learn 19 eye opening stats about employee benefits, health insurance, and HR to ultimately spend more time growing your people and your business.

1. 19eyeopeningstatsabout
employeebenefitsandHR

2. “HumanResourcesIsn’tAThingWeDo.It’s
TheThingThatRunsOurBusiness.”
-SteveWynn,WynnLasVegas

3. Thecostofreplacinganemployee
isbetween30% to150% ofthe
employee’ssalary.
(Source: American Management
#1

4. 57% oforganizationsview
employeeretentionasa
problem.
(Source:PayScale)
#2

5. Newhiresthatundergoastructured
on-boardingprogramare58% more
likelytobewiththecompanyafter3
years.
(Source: Wynhurst Group)
#3

6. 46% ofworkersbelow40-years-old
indicatedthathealthbenefitswere
animportantfactorintheirdecision
toworkforacompany
Source: Towers Watson Survey
#4

7. Whenemployeesconsideredreasons
tostayworkingwiththecompany,
healthbenefitsjumpedto55% asan
importantfactor.
Source: Towers Watson Survey
#5

8. In2015,32% ofU.S.workerswereengaged.
(Gallup daily tracking, January 2016)
#6

9. Companieswithemployeeengagement
programsachieve26% greateryear-over-year
increaseinrevenue,comparedthose
thatdon't.
(Aberdeen, October 2015)
#7

10. (Glassdoor U.S. Site Survey, January 2016)
#8
Topfivepiecesofinformationjobseekers
wantemployerstoprovideastheyresearch
wheretowork:
1) Salary/compensation,
2) Benefits,
3) Basiccompanyinformation,
4) Whatmakesitanattractiveplacetowork,
5) Companymission,vision,values.

11. Regardlessofrole,anemployee’s
satisfactionisdirectlyrelatedto
thebenefitstheyreceive.
(MetLife’s U.S. Employee Benefit Trends Survey)
#9

12. Thereisacorrelationbetweenthequality
ofthebenefitseducationemployees
receive,andtheirperceptionoftheir
employers.Evenifemployeesdon’thavea
particularlygoodbenefitspackage,
effectivebenefitseducationmakesthem
dramaticallymorelikelytoconsidertheir
employeraverygoodplacetowork.
(Unum Study)
#10

13. Only19percentofemployers
saythattheirworkershavea
highlevelofunderstanding
abouttheirbenefitspackages.
(Source: SHRM)
#11

14. Companiesspendanaverage
of$10.70/hr / employeejuston
employeebenefitsfortheir
workers.
(Source: DOL)
#12

15. Companiesspendanaverage
of$3/ hr / employeeon
insurancebenefits
(Source:DOL)
#13

16. (KFF.org)
Averagepremiumsforemployer
coveredfamilyplanshaveincreased
by155% forsmallfirms(3-199
employees) and180% forlargefirms
(200+ employees) since2000.
#14

17. 55% ofemployeesareconcerned
abouthavingenoughmoneyto
coverout-of-pocketmedical
expenses
#15
(MetLife Benefit Trend Study)

18. Employersofallsizesaremoving
towardself-insurance.
Self-insuringandhiringathird-
partyadministratorunderanASO
contractcansaveemployers10%
to25% ontheirhealthcarecosts.
#16
(Source: ModernHealthcare.com)

19. Thereisanavgof1.1full
timeHRemployeesfor
each100employeesinthe
US.
(Source: Bloomberg BNA)
#17

20. Increasingemployeeengagement
investmentsby10% canincrease
profitsby$2,400peremployee,
peryear.
(Workplace Research Foundation)
#18

21. With1.1HRpeopleper100
employees,mostcompanies
under500employeesdon’thave
enoughHRstafftohandlemore
thantheadministrativework.
#19

22. SavetimeandmoneyonHRandbenefits,soyoucan
focusongrowingyourpeopleandbusiness.
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