As employees are looking for greater financial security, they are increasingly willing to sacrifice additional pay in exchange for more generous retirement, healthcare and paid time off benefits, according to a new Willis Towers Watson survey.
Half of employees would rather receive more substantial benefits and time off to additional pay or bonuses, the new Global Benefits Attitudes Survey found. Fifty-seven percent said their benefit package is more important to them than ever before, and 67% are willing to pay more from their paychecks each month for more comprehensive retirement benefits. More than four in 10 workers, or 42%, would sacrifice additional pay each month for a more expansive health benefit plan, a sharp increase from 27% in 2013.
