28th April 2017
More than 8 in 10 (82%) employees believe businesses are over-complicating workplace benefits, making them difficult to understand or use.
Recruitment firm Michael Page surveyed 1,000 workers and found 64% believe employers are investing in expensive workplace benefits which they neither want or need.
73% said workplace benefits are a key factor in their decision to turn down a job, highlighting the importance of employers needing to do more to provide competitive benefits for employees.
Top 5 most wanted benefits by individuals that employers should offer:
- flexible working hours (71%)
- working from home (55%)
- unlimited paid holiday (46%)
- company car or subsidised travel (43%)
- weekly free lunches (41%).
Oliver Watson, executive board director for UK and North America at PageGroup, said:
“Whether you’re an employer scouting for new talent or a candidate searching for a new job, the benefits package on offer needs to match both parties’ expectations.
“While we may be accustomed to negotiating a starting salary, discussing more tailored benefits is rarely given the same priority – resulting in neither party getting an agreement that drives engagement for an employee and performance for an employer.
“As working cultures become more flexible and dynamic, a ‘one-size fits all’ approach to benefits no longer applies. Employers need to relax their typically fixed policies and start an open conversation about benefits far earlier in the recruitment process.”
Contact us today to discuss benefits in kind.