closeup of two people holding hand of LGBT women holding hands with rainbow ribbon symbol (Photo: Shutterstock)

Employers looking to tailor their benefits for their LBTQ+ workers need look no further than the Employee Benefits Research Institute’s new report. With data pulled from the 2022 Workplace Wellness Survey, the report suggests that LGBTQ+ workers are less likely to be satisfied with their benefits packages than non-LGBTQ+ employees, and were also less satisfied with their paid leave and job overall. The reason for the difference? It may have something to do with demographics, as LGBTQ+ employees are more likely to be under-35 than non-LGBTQ+ workers and so likely have different needs.

“Life-stage and living situation can influence the value placed on employee benefits overall, and on specific benefits,” says Lisa Greenwald, CEO of Greenwald Research, in a press release. “Many employers and solutions providers are recognizing that one-size fits all benefits programs may not be as effective as more targeted approaches that address employees’ needs at a given point in time. The WWS data suggests that LGBTQ employees may value more benefits that help with shorter and mid-term financial goals, more so than retirement savings.” 

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.