The fallout from the Equifax breach has led a lot of people to wonder just how secure their persona financial information is. As a result of that and an economy nearing full employment, one of the benefits more employers are offering to their employees is identity theft protection, according to IdentityForce’s 2017 Progressive Benefits Survey.
The survey found that more than two-thirds (68 percent) of HR professionals consider identity theft protection an increasingly important employee benefit. But only half currently offer identity theft protection to their employees.
When asked what their organization would expect to gain by offering identity theft protection in addition to offering more attractive benefits, they said they would provide an extra layer of protection in case of a data breach or cyber attack (56 percent); reduce stress and distractions in the workplace (37 percent); improve recruiting and retention efforts (22 percent) and attract millennials, (22 percent). Just over a tenth (12 percent) say they have no plans and no expectations around this.
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