Companies today use extras to attract and retain top talent, but are they offering the perks employees want most?
According to research from global staffing firm Robert Half flexible work schedules, a compressed workweek and the ability to telecommute are the most sought-after nonmonetary perquisites. However, while many companies offer flexible work schedules, fewer than one in five offer shorter workweeks or remote work options.
There was less of a disconnect when it came to monetary motivators: 44 percent of employers surveyed said they offer annual or biannual bonuses to employees. Workers surveyed said bonuses are their most desired incentive (77 percent) when considering job offers.
Profit-sharing plans and sign-on bonuses are also highly sought (tied at 49 percent), though only 33 percent of employers offer profit-sharing and only 19 percent have sign-on bonuses.
Benefits can also play a significant role in attracting and retaining talent, and most companies are offering the two most wanted employee benefits: health insurance (88 percent) and paid time off, including vacation, sick days and paid holidays (80 percent).
"In today's competitive hiring environment, job candidates are looking at more than just salary and bonus — they seek the complete package and place added emphasis on quality of life," says Paul McDonald, senior executive director for Robert Half. "Companies that don't offer popular nonmonetary perks in addition to a competitive salary and benefits are not likely to land or keep top performers."
About the research: The survey was developed by Robert Half and conducted by an independent research firm. It includes responses from more than 1,500 workers and more than 600 HR managers in North America. Founded in 1948, Robert Half has more than 300 staffing locations worldwide and offers job search services at roberthalf.com.
Current Issue - April 2024