Mexico Employee Benefit Trends Study 2018

Chapter 3
Feeling whole
at work


Employers who want their employees to be more productive and engaged can try to make work-life balance more accessible. This can ensure their people can feel more whole in the workplace, which in turn, can help improve productivity and talent retention within a business and help address broader barriers to Mexico’s continued economic growth.

One possible solution is flexible and customized benefit packages. It’s true that generic health and life benefits are valuable to everyone. But parental leave benefits, working from home or childcare vouchers, for example, target specific needs of new parents. This benefit targeting can secure employee talents and win loyalty.

"Wholeness" works across the workplace

"How important are the following when deciding whether to accept a job at a new employer?”

Employees want choice and seem willing to pay

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

The field is broad for voluntary coverage

63% of employees say they would choose to purchase benefits through their employer if they were given a wider variety, and 50% say that having customized benefits would increase their loyalty to their employer.

"If your employer provided the following benefits, how likely would you be to buy them if you shared the cost of the benefits with your employer?"

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Ability to customize my benefits to meet my needs

Percentage agreeing with each statement:

18-30 years old
58%
31-50 years old
65%
50+ years old
71%
Ability to shift my workday hours as necessary

Percentage agreeing with each statement:

18-30 years old
68%
31-50 years old
71%
50+ years old
72%
Ability to work from home or remote locations

Percentage agreeing with each statement:

18-30 years old
56%
31-50 years old
57%
50+ years old
63%
Married

Percentage agreeing with each statement:

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

Percentage agreeing with each statement:

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

Percentage agreeing with each statement:

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

Percentage agreeing with each statement:

I am interested in my employer providing a wider array of benefits I can choose to pay for
I would prefer my employer give me an amount of money to purchase all my coverage outside the workplace
Supplemental Medical/In Hospital Insurance

Percentage agreeing with each statement:

76%
Supplemental Disability Insurance due to Accident

Percentage agreeing with each statement:

73%
Check-up

Percentage agreeing with each statement:

71%
Recovery Cash Benefit

Percentage agreeing with each statement:

64%
Loss of Income

Percentage agreeing with each statement:

63%
Dental Insurance

Percentage agreeing with each statement:

52%