Providing employees with benefits such as life insurance and short- and long-term disability can help provide a sense of job security in the event of illness or injury. But for small businesses, providing access to those benefits is an uphill battle, which can drag down employee sentiment.
A survey from New York Life Group Benefit Solutions showed that 80% of employers expressed confidence that their employees were satisfied with disability benefits provided by the company, though 57% of employees would appreciate more benefits — and a majority of employee respondents also expressed barriers to using existing benefits.
