Companies are on a never ending quest to attract and retain top talent, but a business’ growth and success aren’t always the driving factors behind hiring. Most businesses lose nearly a quarter of all new employees within a year. Such turnover rates have employee retention a top priority.
As the war for talent continues, offering employees elaborate perks has become a popular tactic. Free lunches, gym memberships, flexible work hours, game rooms — these are just a handful of the techniques companies use to incentivize their team.
But is this strategy really working? Do employees actually desire these perks? And if so, what type of perks are most worthwhile to offer?
To answer these questions, TechnologyAdvice Research designed a nationwide internet survey of U.S. adults, which was conducted January 20-23, 2015. A total of 486 adults (between the ages of 25 and 54) were surveyed about their current experience with perks, how important such benefits are, as well as what perks they would prefer to receive.
We put together the following infographic, showing some of the study’s key takeaways:
In the full report, we further explore trends related to employee perks, including what incentives are working to attract and retain talent, as well as the top requested perks that companies can use to set themselves apart. We also examine responses by age group, in order to show which demographics value perks the most.
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For more information about this survey, the methodology, or distribution requests, please contact Media Relations Manager Keith Cawley at keith.cawley@technologyadvice.com
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Top Human Resources Software Recommendations
1 Rippling
Rippling is the #1 Rated All-In-One HR Platform. You can onboard new hires in 90 seconds, and easily manage your company's payroll, benefits, HR, and IT -- all in one, modern system. It brings all of your employee systems and data together, and helps automate your busy work. Take onboarding, for example. With Rippling, you can click a button, and take care of a new hires' I-9, offer letter, payroll, health insurance, and more -- 100% online and paperless.
2 PeopleGuru
Designed for mid-market organizations (100+ employees). PeopleGuru develops and supports cloud-based Human Capital Management (HCM) software to help mid-market organizations attract, retain, and recognize their people and streamline back-office HR and Payroll functions. PeopleGuru HCM is a cloud-based, agile solution residing on one database that includes: HR, Payroll, ACA, Benefits Management, Time & Labor, Recruiting, Onboarding, Performance, Learning, Analytics, Salary.
3 monday.com
monday.com Work OS is a collaborative no-code work management platform that allows HR managers to manage the entire employee lifecycle in one place. Track the recruitment process, onboard new employees with the help of pre-made templates, safely store personal information, plan team-building activities, and use automations to speed up and simplify all these workflows and many more. And with 40+ integrations, monday.com lets you continue working with your favorite tools within the platform.
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