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Trevor A. Farrington, LUTCF®, RICP®
Regional Vice President
Financial Advisor
Equitable Advisors, LLC
93 Worcester Street, Suite 103
Wellesley, MA 02481
Phone: 617-407-2684
July/August 2026
Time To Review Your Benefits Package?
Researchers at Oxford University discovered that happy workers are 13% more productive. Additionally, a study by the job search firm Indeed, "Classic Employer Benefits Still Drive Job Seeker Decision," reported that 49% of US job seekers say "better benefits" motivate their search—second only to higher pay. These figures alone might encourage you to review your benefits package. But there's more to consider.
Make New Friends, But Keep the Old
Another Indeed study shows that both "newer" and "traditional" benefits can work together to attract and retain the best employees for your needs. Traditional benefits are the standard offerings most employees expect: health insurance (including dental and vision), paid time off, and retirement plans. These essentials top the list of benefits workers seek, along with one newer benefit: flex time.Regarding newer benefits gaining popularity, consider flexible work schedules, remote work options, student loan reimbursement, paid parental leave, and mental health days. These perks have become especially significant in a post-pandemic world where work-life balance is a top priority for many employees.
Offering flexibility shows your staff that you trust them to manage their own time. Plus, it helps you appeal to a wider talent pool, especially younger generations who prioritize work-life balance.
The Interplay
When traditional and newer benefits are combined, they create a well-rounded package that's more likely to help you attract and retain qualified employees. For example, if you offer solid health insurance and a retirement plan along with flexible hours or remote work options, you're not just checking boxes; you're sending a message that you care about both their professional and personal lives. It shows potential hires that your business values stability and adaptability—two qualities that resonate in today's workforce.Putting it Together
You face financial constraints, and each company's workforce is unique. The effectiveness of benefits can differ by industry, so it's important to customize your approach to meet your business and employees' needs.Review your workforce demographics and the benefits other small-business owners offer. Then consult your benefits advisor to see how you and your employees can maximize your benefits package.
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Duly registered and licensed financial professionals offer securities through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA,SIPC (Equitable Financial Advisors in MI & TN), offer investment advisory products and services through Equitable Advisors, LLC, an SEC-registered investment advisor, and offer annuity and insurance products through Equitable Network, LLC (Equitable Network Insurance Agency of Utah, LLC in Ut; Equitable Network of Puerto Rico, Inc.). Equal Opportunity Employer - M/F/D/V. Equitable Advisors and its associates and affiliates do not provide tax, accounting, or legal adviceor services. Representatives may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed. Your connection to this website does not necessarily indicate that the sender is able to transact business in your state. The information in this website is not investment or securities advice and does not constitute an offer. For more information about Equitable Advisors, LLC you may visit https://equitable.com/crs to review the firm's Relationship Summary for Retail Investors and General Conflicts of Interest Disclosure.
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