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Aon survey: employees value basic benefits most. (Life/Health: Marketplace).


Basic benefits are most important to employees, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Aon Consulting's annual United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. @Work study, which surveyed of 1,800 American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of  workers.

Medical insurance maintained its No. 1 position--as it has since the Aon study was introduced in 1995-- as the most important benefit among working Americans. Second in importance were paid vacation Noun 1. paid vacation - a vacation from work by an employee with pay granted
holiday, vacation - leisure time away from work devoted to rest or pleasure; "we get two weeks of vacation every summer"; "we took a short holiday in Puerto Rico"
 and paid holidays, which have risen from No. 10 in 1995.

"This study underscores what we tell clients every day: You need to have the basic benefits in order to become an employer of choice," said David Sturm Sturm may refer to:
  • Sturm (Advance Wars), a fictional character in the series of video games
  • Saint Sturm (Sturmius), 8th-century monk
  • Federweisser, a type of wine
  • Sturm Foods, an American dry grocery manufacturer
, president of Aon Consulting's Loyalty Institute. Health-care coverage and retirement plans are vital, he added.

Respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy.  ranked benefits on a five-point scale. Of 23 listed benefits, 13 received an average score of four or higher.
The Top 10 Benefits

In a recent survey, U.S. workers ranked the following employee benefits
as the ones they wanted most. Rankings are based on a five-point scale.

                                          Average
                                           Score

 1. Medical Insurance                      4.62
 2. Paid vacation and holidays             4.48
 3. Employer-paid pension                  4.43
 4. Retirement-savings plan                4.36
 5. Prescription-drug card                 4.34
 6. Dental insurance                       4.30
 7. Ability to choose benefits
    that best meet your needs              4.28
 8. Sick leave and short-term disability   4.24
 9. Long-term disability insurance         4.20
10. Preventive/wellness coverage           4.11

Source: Aon Consulting
COPYRIGHT 2002 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Aon survey: employees value basic benefits most. (Life/Health: Marketplace).
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 1, 2002
Words:225
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