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Benefits found to play crucial role in choosing jobs.

A nationwide survey of 1,000 American workers sponsored by the Employee Benefit Research Institute found 75% of those surveyed considered employee benefits very important when deciding to accept or reject a job offer. In similar surveys, 70% of the workers polled considered these benefits very important in 1991, while 57% thought they were very important in 1990.

Health insurance was regarded as the most important employee benefit by 68% of the respondents, up from 65% in 1991 and 63% in 1990. Workers with health benefits said on average they would require additional pay of $4,570 annually to give up these benefits, up from $4,096 in 1991. A majority of the workers (56%) said they would not accept a job that did not provide health insurance, close to the 57% reported in 1991.

Pension coverage was cited as the most important benefit by 34% of the respondents, compared with 35% in 1991 and 17% in 1990. Workers with pension plans said they would need an additional $5,412 annually on average to forgo them, up from $5,312 in 1991. Of the workers polled, 40% said they would not accept a job with a company that did not offer a pension.
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Article Details
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Publication:Journal of Accountancy
Article Type:Brief Article
Date:Mar 1, 1993
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