If there’s a reason that organizations are holding onto employees, it’s likely health-care benefits are a significant part of it.
In a new report from Gallup and West Health, one in six workers reported staying in an unwanted job for the health benefits. The numbers were even higher for Black workers and employees who make less than $48,000 per year.
Black workers on the whole are estimated to be 50% more likely to stay in their jobs for the health care benefits than their white counterparts. Workers in households earning less than $48,000 a year were three times as likely to keep a job for health benefits compared with households making $120,000 or more.
The report shows workers increasingly fearful about their ability to keep up with the rising cost of health care without insurance coverage through their employer. Even workers who do have coverage worry about the increase in the cost of premiums.