A very interesting article was just published by The Society for Human Resource Management outlining research that Health Insurance, 401(k) and vacation/paid time off are the most valued rewards whereas Employee Discount Programs and other niche offerings don’t add much value.
“We know benefits and perks are an important recruiting tool in today’s challenging hiring landscape, and this study shows that the flashiest or trendy benefits aren’t always better,” said Andrew Chamberlain, chief economist of Glassdoor. “Investing in core benefits programs like health care coverage, retirement plans and paid time off will go far with new and current employees. Other benefits, like maternity/paternity leave, are important to recruit and retain smaller subsets of employees—like new parents—though we saw little impact on overall satisfaction related to benefits that don’t touch a wide variety of employees.”
Access the full article for more details.