How Important are Job Perks?
Many of you may be focused on simply landing your first post-graduation job, but once you’ve secured a spot somewhere, you may look around and begin to weigh your options.
According to a recent CareerBuilder survey, 32 percent of employers reported losing top performing workers in 2012 with 39 percent concerned that top talent will leave for greener pastures in 2013. Despite this, 66 percent of surveyed workers say they’re satisfied with their jobs while 25 percent say they’ll seek new employment in 2013 or 2014.
As one would expect, salary is the most important factor in job satisfaction with 70 percent of workers saying an increase in salary is the best way to keep employees. However, 58 percent also pointed to better benefits as a retention method.
But what is a perk? Twenty-six percent of workers said special perks would improve retention. The following were the top results when those workers were asked to name one perk that would improve workplace satisfaction:
- Half-day Fridays – 40 percent
- On-site fitness center – 20 percent
- Ability to wear jeans – 18 percent
And when asked what employers could do to improve employee retention, the following were the top five results:
- Provide flexible schedules – 51 percent
- Increase employee recognition (awards, cash prizes, company trips) – 50 percent
- Ask employees what they want and put feedback into action – 48 percent
- Increase training and learning opportunities – 35 percent
- Hire additional workers to ease workloads – 22 percent
The survey shows workers are concerned about work-life balance by wanting flexible hours with the option to telecommute also being cited. However, it also shows that workers don’t want outlandish perks on a massive scale, but reasonable and healthy perks such as on-site gyms and casual dress codes. Overall, employees want to improve their workplace, so they can be more efficient while at work.
As of 2012, the top five companies for work-life balance, according to Fortune, are:
- SAS Institute
- Edward Jones
- Camden Property Trust
- Recreational Equipment (REI)
- Kimpton Hotels & Restaurants