Many companies offer a range of benefits and perks to workers as an incentive to attract top talent and increase employee satisfaction and loyalty.
These might include a work car, flexible hours, extra holidays, subsidized childcare, health insurance, or even professional development, free lunches, or gym memberships.
However, there is no clear evidence that employee satisfaction is highly correlated with the size of the benefits package. Instead, research suggests that employee benefits that are the most effective are those which generate "positive social exchange relationships" between employers and employees.
The benefits most appreciated are those which the employees consider valuable. In the United States, where healthcare is privatized, strong health benefits is a top priority for employees.
In some cases, demographics may determine the type of benefits that are considered most valuable. For example, women have traditionally placed more value on flexible work arrangements, while young workers value professional development programs to help with career advancement.
Sunghoon Kim "Generous perks equals happy workers? Not always. Here's what employees really want" theconversation.com (May 29, 2024).
So, the question for our readers is: Which Benefits Do Your Employees Want?
Please take the poll. Here is the opinion of one of the McCalmon editorial staff:
Jack McCalmon, Esq.
The more benefits, the better, especially for recruiting. However, if pressed, I believe that most employees would desire a higher wage versus some benefits being offered. Flextime and healthcare are the two exceptions, in my opinion.
You can answer our poll. Please note any comments provided may be shared with others.
