Small businesses can win big with benefits

At companies with fewer than 50 employees, the importance of benefits options extends beyond proving the goodwill of an employer and
providing employees with basic medical coverage. Benefits can also help boost the value of your business. When employees are satisfied
with their benefits, they’re more likely to be productive and stick around longer, allowing you to retain top talent and keep your business
running smoothly without interruption.

56
of employees at small

%
companies are offered
employer-sponsored
benefits, compared to 87%
at companies overall.

Companies with fewer than 50 employees

Benefits give small businesses a competitive edge Employees at small businesses say

48 17
their benefits package is at least

% % 90
somewhat important to:

75

of employees
would be at least
of employees
have left a job 60
77 % 79 % 85 % 88 %
somewhat likely to or turned down
accept a job offer a job offer due 45
that included a to the benefits
slightly lower they offered. 30
compensation but a
more robust
15
benefits package.
0

workplace work loyalty to job

engagement productivity employer satisfaction

Benefits protect employees’ financial well-being

38 %
of employees at small companies would not be able to
Small-business employees tend to be less financially pay $500 in unexpected out-of-pocket expenses related
secure than those at larger businesses. Even with major to a serious illness or accident, compared to 31% at
companies overall.
medical insurance, the financial support that voluntary

25 %
insurance provides can be vital to helping them cover of employees at small businesses say they could only go
the costs associated with illness
i or injury. Consider: one week without a paycheck, a higher percentage than
those at companies overall (20%).

Small business enrollment tip

Sm
Employees at small organizations are less confident than employees overall that
they understand everything they signed up for during their last enrollment (73%
compa ared to 81%). Communicate your company’s benefits options thoroughly
and fre
equently, and lean on your benefits consultant for help; he or she can even
meet with
w employees to answer questions.

The 2018 Aflac WorkForces Report is the eighth annual study examining benefits trends and attitudes. Conducted by Lightspeed, the study captured responses from 2,000
Z181088 employees across the Uniteed States in various industries; 340 worked at businesses with fewer than 50 employees
employees. Visit AflacWorkForcesReport
AflacWorkForcesReport.com.
com Aflac individual coverage is EXP 12/19
underwritten by American Family Life Assurance Company of Columbus or American Family Life Assurance Company of New York.
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