“According to a new Liazon study, private exchanges help to increase retention.”
The results of Liazon’s latest study were highlighted in this article from Employee Benefit News, “Broker’s role ‘more important’ in private exchange system,” which said:
“Nearly three-quarters (72%) of employees using a private exchange say they are more likely to remain with their employer because of their benefits program. Retention can be driven by increased engagement and awareness around benefits, including a better understanding of their value as part of the total compensation package.
“In fact, 85% of respondents using an exchange for the first time reported that they are more aware of their company’s contribution to their benefit costs and 81% said that they value their company’s contribution more.”
Download the full survey results here.