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 Paycor
Processing routine HR tasks by hand and entering data in multiple systems can be time consuming and risky. That’s why leaders depend on Paycor for a modern, adaptable, and unified system for all things HR. From engaging employee self-service, mobile push notifications and company updates to unlimited workflows, reminders, and notifications, Paycor‘s HR software helps you get out of the weeds so you can focus on bigger priorities like attracting, retaining and developing employees.
3 monday.com
monday.com is a collaborative platform that allows HR managers to manage the entire employee lifecycle in one place. Track the recruitment process of all candidates at a glance, onboard new employees with pre-made templates, plan team-building activities to engage current employees, and leverage data-driven insights with analytics built into your daily workflows. Finally, integrate monday.com with Gmail and 40+ tools you already use so the platform supplements your current workflows seamlessly.
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