finance
monthly
Personal Finance. Money. Investing.
Contribute
Newsletter
Corporate

From free gourmet food and bring in your pet day, to napping pods and haircuts on site; companies like Google offer a variety of incentives and benefits to employees. Unsurprisingly, they hold a rating of 4.4/5 on Glassdoor, with 92% of its employees stating that they would recommend the company to a friend.

Many organisations struggle with attracting and retaining suitable staff. With the nature of today’s competitive job market, companies have to pull out all the stops in order to attract the highest calibre candidates.

Reboot online marketing conducted a survey of 1,200 marketing professionals on the benefits they are being offered at work and what their top 3 work benefits would be, if they could choose:

A wide range of unconventional incentives are offered in companies, and companies aim to choose the most unconventional and adventurous benefits to excite employees:

Shai, Managing Director of Reboot Online comments: “I think it's important to offer incentives and benefits to employees to show them you appreciate their work. I like to keep my staff on their toes; maintaining the thirst to learn and achieve, while ensuring there is never a dull moment. I take my staff boxing training with an ex-European champion every Friday, even giving them the chance to “hit the boss”, which has proven popular! I recently organised a competition, with the prize being a flying lesson. I noticed the difference it made with motivation levels and when meeting targets almost immediately.”

Suzy - head of PR – London: “It may not be one of the most important factors when applying for jobs, but the benefits and incentives offered by one job can give it the pull over another one, which doesn’t offer benefits. For me, job progression in a company is important. I don’t want to work in the same role for years, without eventually receiving more responsibility.”

Respondents rated their top incentives:

Monetary benefits such as reimbursement for travel and bonuses were predictably popular, though not as popular as benefits to do with job flexibility, such as flexi-time, which was chosen by 58% of respondents, more annual leave allowance (55%) and early finishes (30%).

The benefits taking top position were related to job progress. For example, the provision of on-the-job related training, which was chosen by the majority of respondents (60%), receiving greater responsibility and involvement in side projects (35%) also featuring in the top 10.

Overall, it has become clear that benefits and incentives are increasingly offered, and it is a factor candidates use when searching for a job. However, benefits are not the only factor for retention. A competitive pay packet and the possibility of career progression are too of paramount importance to prospective employees.

(Source: Reboot Online)

About Finance Monthly

Universal Media logo
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
© 2024 Finance Monthly - All Rights Reserved.
News Illustration

Get our free monthly FM email

Subscribe to Finance Monthly and Get the Latest Finance News, Opinion and Insight Direct to you every month.
chevron-right-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram