Though consumer confidence is at a 16-year high, employees may not feel financially secure. Just over a third (38%) of employees say they feel in control of their finances, compared to 44% last year, according to MetLife’s 15th annual U.S. Employee Benefit Trends Study. On top of that, half of employees are concerned or anxious about their current financial well-being.
With open enrollment around the corner, now is the time for employers to address these concerns through benefits education. Nearly half of employees are confused about their benefits and stressed by the enrollment process, MetLife found. But employees are open to learning more: two-thirds of employees say they are looking for help in achieving financial security through benefits, the study showed.
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