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Employees say they'd prefer benefits to a pay bump

December 04, 2018 / Riia O'Donnell

A job with benefits is preferable to the same job with more pay but no benefits, according to 80% of the respondents in a new online survey by the American Institute of CPA (AICPA). The accounting organization said that Americans are overestimating their benefits' value by thinking that their benefits make up on average 40% of their total compensation while data from the U.S. Bureau of Labor Statistics show benefits actually account for an average 31.7% of total compensation. The Harris Poll conducted the survey of 2,026 adults for the AICPA in April. In other survey results, about nine in 10 respondents said they understood all their employers' benefits when they took their current job, 86% said they've kept up to date with benefits changes, and the same percentage said they know where to get information on how to use their benefits. However, only 28% said they're very confident that they're fully using their benefits.