QuickBooks and Allstate Health Solutions recently announced a new report examining the impact of employee benefits packages on productivity, satisfaction, and retention in small and large businesses.
This report could benefit your advisory services since many accountants advise their clients on the broader issues impacting small businesses and their employees.
A few of the statistics cited in the report that might catch your interest include:
- Among employees at companies with 5 to 100 employees, 78% would likely look for a new role if their benefits package was inadequate. This number jumps to 83% at companies with more than 100 employees.
- Nearly a quarter of employees at companies of any size (23%, respectively) struggle to afford their employer-provided benefits.
- Most workers at small (71%) and large companies (63%) struggle to save over the long term for emergencies or retirement because of medical costs.
- More than a quarter of women (28% at small companies and 27% at larger companies) report medical costs have significantly impacted their ability to meet long-term financial goals, compared to 18% of men at small and large companies.
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Following last year's announcement at QuickBooks Connect of Intuit's partnership announcement with Allstate Health Solutions, comprehensive benefits are now offered for enrollment through QuickBooks Online Payroll.
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