Latino employees are the fastest-growing segment of the U.S. workforce – in fact, by some estimates one in three working Americans will be Latino by 2050.1 The growing influence of Latinos on our nation’s culture and business community means smart companies are saying “Se habla español” – “We speak Spanish” – both literally and figuratively.
Aflac recently took a closer look at Latinos’ attitudes and opinions about work as part of its 2014 Aflac WorkForces Report.2 The survey’s results revealed these five key things businesses should know about their Latino employees:
- They’re looking for opportunities for growth, even if it means changing jobs. Benefits offerings may entice them to stay with their current employers, because 60 percent say they’re likely to accept a job with slightly lower compensation but better benefits options.
- Latino employees are much more likely to say they’re the sole benefits decision-makers in their households (73 percent) rather than sharing the responsibility with, for example, a spouse.
- Latino employees place a high value on their employee benefits. Nearly half (49 percent) say their employee benefits packages are extremely or very influential with respect to engagement at their organizations.
- Sixty percent take part in their companies’ wellness programs and nearly half (43 percent) say they completely or strongly agree they’d be willing to change their lifestyle habits for lower insurance premiums.
- Thirty-one percent of Latino employees say they’re stressed out, compared to 24 percent of non-Hispanic employees. What’s more, about half are concerned about reducing a debt and/or coping with financial challenges.
For more in-depth information about Latinos and the workplace – including key takeaways that can have an immediate impact on U.S. businesses – check out this comprehensive article about the value Latinos place upon benefits and their search for enhanced employment opportunities.
1National Council of LaRaza (2014). Economy and workforce, accessed Feb. 16, 2015, from http://www.nclr.org/index.php/issues_and_programs/economic_policy/
22014 Aflac WorkForces Report, conducted by Research Now for Aflac, accessed Feb. 16, 2015 – http://workforces.aflac.com/
This article is for informational purposes only and is not intended to be a solicitation.Tweet