Brazil Employee Benefit Trends Study 2018

Chapter 1
Balanced living: the holistic employee


Our data suggests that only 35% of employees in Brazil say their employers make it possible to balance work and life. The competitive edge goes to employers who turn this around with benefits that address the wider needs of their employees and, where possible, allow them to tailor their benefits to their own situation. The result? More engagement, better productivity and lower recruitment costs — as well as a key weapon in the war for talent within Brazil, regionally and globally.

A balanced workplace can boost loyalty.

"Which of the following could your current employer do to keep you working for the company?"

Flexibility: key to work-life balance

Employers can help their employees manage their work-life balance by shifting towards more formalized flexible working conditions. Making these policies part of a benefits package increases their use, too, encouraging employees to manage their own life in ways that ensure they are delivering at work. And if these flexible options are deployed carefully as part of an integrated benefits platform, they could increase engagement and productivity at little or no cost.

Employers in Brazil remain more motivated to deliver balance as compared to regional peers

Percentage who agree the following statement is a key mission for their benefits program.

"Providing employees with benefits designed to better balance their work and personal lives."

Benefits customization maximizes value

When employee benefits are tailored to life needs, not only do employees show greater appreciation for their employer, but they also appreciate the value of their benefits more, feeling more financially secure.

It starts with a clearer understanding of the needs of employees. Only then can decide what should form a core part of the benefits offering and what tailored options will work. Our data indicates that there is a growing appetite among employers in Brazil to offer voluntary benefits.

Vanilla benefits are losing traction

Regardless of life stage, there is an appetite among employees for flexible benefits (even with co-payment) than cash to purchase cover independently.

Looking for more global insights? Go to:benefittrends.metlife.com

We expect a shortage of talented or experienced workers in the next 12 months

Percentage agreeing with each statement:

37%
Hiring the skills and talent that we need is a top-three challenge

Percentage agreeing with each statement:

76%
Salary

Percentage agreeing with each statement:

61%
Promotions

Percentage agreeing with each statement:

44%
Improved life quality

Percentage agreeing with each statement:

38%
Flexible working conditions

Percentage agreeing with each statement:

30%

Looking for more global insights? Go to:benefittrends.metlife.com

"Providing employees with benefits designed to better balance their work and personal lives."

Large Company

Brazil
98%
Chile
82%
Mexico
89%
"Providing employees with benefits designed to better balance their work and personal lives."

Medium Company

Brazil
90%
Chile
82%
Mexico
89%
"Providing employees with benefits designed to better balance their work and personal lives."

Small Company

Brazil
94%
Chile
84%
Mexico
84%

Looking for more global insights? Go to:benefittrends.metlife.com

Married

I am interested in my employer providing a wider array of benefits I can choose to pay on my own
I would prefer my employer give me an amount of money to purchase all of my coverage outside the workplace
Co-habiting

I am interested in my employer providing a wider array of benefits I can choose to pay on my own
I would prefer my employer give me an amount of money to purchase all of my coverage outside the workplace
Single

I am interested in my employer providing a wider array of benefits I can choose to pay on my own
I would prefer my employer give me an amount of money to purchase all of my coverage outside the workplace
Divorced/Separated

I am interested in my employer providing a wider array of benefits I can choose to pay on my own
I would prefer my employer give me an amount of money to purchase all of my coverage outside the workplace
Other

I am interested in my employer providing a wider array of benefits I can choose to pay on my own
I would prefer my employer give me an amount of money to purchase all of my coverage outside the workplace