Page 25 - 2020 Peel & Holland Benchmarking Survey Results

WESTERN KENTUCKY EMPL OY EE BENEFIT S
BENCHMARKING SURVEY
BENEFITS PACKAGE 2017

Is your benefits package helping

you retain or lose employees?

Helps retain employees 65%

Not losing employees because of it, 33%
but not retaining employees either

Is the reason people look
for employment elsewhere 2%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

What are some key factors that contribute
to either retaining or losing employees?
“ “

Our health benefits are comparable to local Sometimes we lose employees to larger
competitors and help us retain employees. employers that can pay more. It’s hard
to compete.
“ “

I feel like our entire benefits package is We’re finding in the hiring process that
competitive, but not as good as other prospective employees expect us to offer
employers in our industry. a retirement plan.

Employers recognize that many employees
are concerned about their financial futures,
and 57% offer retirement investment advice.
SHRM 2019 Employee Benefits Report

PEEL & HOLLAND | 2020 Western Kentucky Employee Benefits Benchmarking Survey Results 23