Dallas Workers Want Voluntary Benefits; Willing to Nearly Double Commuting Time for "Dream Benefit"
Many workers will have the opportunity to elect employee benefits for 2013 this fall during their employers' annual enrollment season. Workers in Dallas indicate they are hoping to have more voluntary benefits to choose from. In fact, a MetLife Texas Benefits Election Poll, released today, found that 71% of Dallas workers are interested in a wider array of voluntary benefits to choose from even if they pay for the benefits themselves – even higher than the 62% of employees nationally who expressed this interest.
Benefits can also have an effect on how far an individual is willing to travel to an employer. The MetLife poll found that Dallas workers are willing to nearly double their commuting time to work for an employer offering the benefits they most want. Those surveyed expressed a willingness to increase their commuting time, on average, by 22 minutes on top of a 25- minute average commuting time already.
“Employees recognize the value of having access to more benefits options regardless of who pays for them. To have people willingly increase their commute time to obtain the benefits they find important is very compelling,” said Paul Michael, vice president, Group, Voluntary & Worksite Sales for MetLife in Dallas. “Employers can cost-effectively make themselves more attractive as an employer of choice through the strategic use of voluntary benefits.”
The annual benefits enrollment season is a once-a-year opportunity for employees to maximize their total compensation package by selecting benefits options that meet their specific needs. However, the MetLife poll also found that approximately two out of five Dallas workers don't feel very confident that they will make the right financial decisions for themselves and their families this year. A simple step in the right direction, spending more time reading employers' benefits materials, can make a difference. MetLife national research found a positive correlation between reading benefits materials and feeling confident about decisions. Employers often change or add offerings, so it is also beneficial to read enrollment materials to confirm whether the current selections remain the most appropriate.
The MetLife Texas Benefits Poll was conducted online October 19, 2012 at the Texas State Fair. This survey, programmed by GfK polled 408 full- and part-time workers who attended the Texas State Fair and work in Dallas. The MetLife Benefits Election Poll was conducted online September 28-30, 2012 and was fielded by GfK. This nationally-representative survey polled 523 full- and part-time workers.
GfK is one of the world's largest research companies, with more than 11,000 experts working to discover new insights about the way people live, think and shop, in over 100 markets, every day. GfK is constantly innovating to use the latest technologies and the smartest methodologies to give its clients the clearest understanding of the most important people in the world: their customers. To find out more, visit www.gfkamerica.com or follow GfK on Twitter: www.twitter.com/gfk_group
Metropolitan Life Insurance Company (MetLife) is a subsidiary of MetLife, Inc. (NYSE: MET), a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.