Employee Benefits
The SHRM Employee Benefits Survey returns with new insights for 2023.
Building Retirement Readiness in the Workforce
On the tail end of a pandemic and amid rising medical costs, health care remains the most important benefit type that employers feel they can offer to their workforce. Facing reminders of the difficulties during the COVID-19 pandemic, organizations continue demonstrating caution and concern for employees’ well-being. This is likely to continue for the foreseeable future.
Health insurance is not employers’ only concern, however, as differentiation in other health benefits may come with added perks to boost recruitment and retention efforts. The prevalence of health savings accounts (HSAs) has reached a historic high. Meanwhile, employers are paying close attention to various reproductive benefits their employees may value. On the wellness side, organizations are starting to reinstate lifestyle perks and further encourage healthy habits, with data showing a slight rebound from the pandemic-recovery dip in 2022.
Continue below to explore health-related benefits and what organizations like yours are offering.
How Do Your Benefits Stack Up?
Use the tool below to explore benefit categories by industry, organization size or location
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Employer Matching
Of employers who offer a traditional 401(k) or Roth 401(k) plan (or similar options), most also make contributions to those plans.
84%
Traditional 401(k) or Similar
7.02% average maximum percentage match
74%
Roth 401(k) or Similar
6.69% average maximum percentage match
Automatic Enrollment
51% of employers automatically enroll new or existing employees.
Automatic Deferral Escalation
26% of employers automatically escalate salary deferral amounts for defined contribution plans.