Companies today use extras to attract and retain top talent, but are they offering the perks employees want most? According to research from global staffing firm Robert Half, flexible work schedules, a compressed workweek and the ability to telecommute are the most sought-after non-monetary perquisites. However, while many companies offer flexible work schedules, fewer than one in five offer shorter workweeks or remote work options. There was less of a disconnect when it came to monetary motivators: 44% of employers surveyed said they offer annual or biannual bonuses to employees. Workers surveyed said bonuses are their most desired incentive (77%) when considering job offers. Profit-sharing plans and sign-on bonuses are also highly sought (tied at 49%), though only 33% and 19% of employers, respectively, offer these types of rewards. Benefits can also play a significant role in attracting and retaining talent, and most companies are offering the two most wanted employee benefits: health insurance (88%) and paid time off, including vacation, sick days and paid holidays (80%). Broken down:
- Flexible work schedules: 88% of employees want it; just 62% of companies offer it
- Compressed workweek: 66% of employees want it; just 17% of companies offer it
- Telecommuting: 55% of employees want it; just 14% of companies offer it
- On-site amenities (e.g., gym, childcare): 38% of employees want it; just 23% of companies offer it
- Paid time off for volunteer activities: 31% of employees want it; just 21% of companies offer it
- Employee social events: just 21% of employees want it; but 44% of companies offer it