Benefits fail to move employees, says survey

84
per cent of professionals claim their current benefits package played no part
in encouraging them to take their existing position, according to a new survey.

The
research – by Recruitment Consultant Joslin Rowe – aimed to see what benefits
have the greatest impact on staff retention and to compare the employees’ views
with market trends.

●
52 per cent said a combination of salary, benefits and bonus was most important
to them.
● 28 per cent who saw salary and benefits as most important
● 11 per cent preferred salary and a bonus
● 7 per cent cited salary alone as most important.

In
all, 84 per cent said their current benefits package played no part in
encouraging them to take their existing position and only 18 per cent said they
would move jobs for a larger benefits package with a lower salary.

One
in six said they would not be happy to move to a company that did not offer a
benefits package, although of the 12 per cent who participate in a company
share scheme, not one said that this would deter them from seeking employment
elsewhere.

The 10 most common benefits received

The 10 most highly valued benefits

1.Healthcare 56% 2.Dress Down 55% 3.Life Assurance 47% 4.Contributory Pension 46% 5.Gym 32% 6.Subsidised lunch 31% 7.Stress counseling 20% 8.Company car 18% 9.Flexi-time 18% 10.Flexible benefits 17%

Sign up to our weekly round-up of HR news and guidance Receive the Personnel Today Direct e-newsletter every Wednesday Email(Required) OptOut From time to time, we will send you emails about selected products, events and services from Personnel Today - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box. Phone This field is for validation purposes and should be left unchanged. Δ 1.Healthcare 62% 2.Flexible Benefits 51% 3.Contributory pension 49% 4.Mortgage 43% 5.Flexitime 42% 6.Subsidised lunch 42% 7.Life Assurance 38% 8.Gym 36% 9.Car 35% 10.Working from home 35%

By Quentin Reade