Published on Tuesday, November 13, 2018
It’s that time of year when many employers are deep in the middle of their benefits open enrollment period. With unemployment at record lows, employee retention and engagement remain the two most pressing issues in HR today. In order to differentiate themselves from their competitors, many employers are finding it imperative to utilize their benefit packages and employee perks as another tool in their arsenal to help promote loyalty and retention. Recent data indicates that employees are looking for a well-rounded benefits package that goes beyond the traditional insurance coverage and want perks and programs that help them balance their busy work and home schedules.
Benefits provider Unum recently released the results of a survey they conducted regarding the top non-insurance or retirement related benefits desired by employees. It should come as no surprise that the top benefits and perks had to do with flexible work options and time off. In the Unum survey, participants were provided a list of 15 perks that were non-insurance or retirement benefits and asked to choose their top five options. Here are the 15 perks & benefits ranked by popularity:
This list may offer employers some new ideas in terms of what is valued by employees. When considering what to offer though, be sure to keep in mind the type of talent you are trying to attract and retain.
Sources: ebn 10/16/2018, SHRM 2018 Employee Benefits Survey
Categories: EverythingPeople, Employee Engagement and Motivation, Recruitment and Selection
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