What is the one thing employees want even more than a pay raise?
 |
According to Glassdoor’s Q3 2015 Employment Confidence Survey, nearly four in five employees (79%) would prefer new or additional benefits to a pay increase. Specifically, more women (82%) than men (76%) prefer benefits or perks to a pay raise. Additionally, younger employees aged 18 to 34 (89%) and 35 to 44 (84%) prefer benefits or perks to pay raises when compared to those aged 45 to 54 (70%) and 55 to 64 (66%).
“As the U.S. economy continues to expand and job market confidence continues to rise, there is no doubt it is a job seeker’s market. This is a clear signal to employers that in order to compete in today’s labor market, it’s not just about salary and compensation, employers should be communicating clearly about nontraditional compensation. Recruiters should take note that touting the benefits and perks offered can help win talent of different demographics, industries, and occupations,” says Rusty Rueff, Glassdoor career and workplace expert.