Big ways to address employees' needs and boost employee value propositions
EBTS reveals that it does matter if employers empathize with their employees' problems and offer programs that address their concerns. According to the study, for each additional notch higher in the agreement that the employees think their boss is caring or that they value their benefits and wellness programs, employees show a 16% increase in their commitment to their employer.
While an increase in salary is always the most effective motivator for employees around the world to stay with a company, 58% of employees who are considering making a move said an improved benefits package would make them more likely to stay with their company
"Basic health coverage is more commonplace in China, while a broader benefit package that includes life insurance and retirement elements is less common. However, employers have to understand that employees have different financial responsibilities and needs, so they wish to personalize their benefits package or protection to fit for their priorities and purposes," said George Tan, CEO of MetLife China.