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DE&I critical to talent retention, especially among younger employees, according to Buck HR SurveyNEW YORK, June 2, 2022 /PRNewswire/ -- Almost a third of employees think their employer lacks a sufficient commitment to Diversity, Equity, and Inclusion (DE&I), and there is a direct connection between DE&I concerns and intent to quit, according to a new survey from Buck, an integrated HR, pensions, and benefits consulting, technology, and administration services firm. Buck's 2022 Wellbeing and Voluntary Benefits Survey used data analysis to measure employee attitudes towards their employer to identify factors that impact employee retention. The findings indicate that employees are less likely to be looking for a new job if they have a positive perception of their employers' commitment to DE&I. Among millennials, 60% expect an employer to demonstrate commitment to DE&I, significantly higher than among older employees. "Employer benefit offerings — including voluntary benefits — play a central role in supporting wellbeing, and the perception among employees of their company's commitment to supporting an inclusive workplace culture," says Tom Kelly, a Principal in Buck's Health practice and co-author of the report. "Our findings show that DE&I is an important metric for employees, in addition to a comprehensive benefits plan, and support for holistic wellbeing for themselves and their dependents." Key survey findings:
To download a copy of the report, visit the Buck website. About the survey These findings are reported in Buck's 2022 Wellbeing and Voluntary Benefits Survey, a biennial study that tracks how organizations use voluntary benefits to support employee wellbeing, enhance benefit programs, and attract and retain talent. This edition's research was supplemented with a parallel employee survey, allowing comparison of differences between employer and employee responses, ranging from current wellbeing to feedback on offerings versus employee needs. Methodology Survey responses were collected from 218 employer participants and 683 employees in November 2021. Both the employer and employee samples are representative of large U.S. employers. The employer sample is representative of Bureau of Labor Statistics data in terms of number of employees, industry, annual revenue, entity type, global location, and regions of the U.S. The employee sample is representative in terms of gender, race, age, presence of children, marital status, role, and household income. About Buck Buck is an integrated HR, pensions, and employee benefits consulting, technology, and administration services firm. Founded more than 100 years ago as an actuarial consultancy, we've evolved to serve organizations and trustees across the health, wealth, and career spectrum. With the ultimate goal of securing the futures of our clients' employees and members, we develop tech-enabled programs that engage individuals and drive organizational performance. Our award-winning engagement solutions and people-first approach empower the world's most forward-thinking organizations to protect the physical and financial wellbeing of their employees and members and improve how their people work and live. For more information, visit www.buck.com. Media contact: View original content to download multimedia:https://www.prnewswire.com/news-releases/dei-critical-to-talent-retention-especially-among-younger-employees-according-to-buck-hr-survey-301560145.html SOURCE Buck |