The face of the American workforce is changing. Thanks to comparatively higher fertility rates and increased immigration, Hispanics have nearly doubled their representation in the labor force over the past fifteen years. By 2050, Hispanics are predicted to make up as much as 30 percent of the American workforce. That means it's more critical than ever before that employers pay attention to the needs of their Hispanic employees when crafting their employee benefits packages.
Better alignment between your benefits and your Hispanic workforce doesn't just benefit them; 63% of Latino employees give serious consideration to their benefits package when rating their job satisfaction. And as goes job satisfaction, so goes recruitment, retention, and employee engagement. By providing all your employees with a satisfactory benefits package, you can help ensure that your business runs at peak efficiency.
So does your industry employ a large percentage of Hispanic workers? Here are several ideas for improving your approach to benefits with this key demographic.