Remove Article Remove Benefits Package Remove Pay Raise
article thumbnail

Which Job Perks Do Employees Value?

HR Digest

Amazon, Costco and Walmart, have bumped paychecks, Glassdoor’s Employment Confidence Survey found that 4 in 5 employees would choose additional benefits over a pay raise. Most employee benefits and perks do not come cheap and costs can snowball as your company expands. While some businesses, like JPMorgan Chase & Co.,

article thumbnail

10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

According to Glassdoor's 2015 Employment Confidence Survey : 60% of people report that benefits & perks are a major factor in considering whether to accept a job offer. The survey also found that 80% of employees would choose additional benefits over a pay raise. Not just salary. Life insurance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Everything You Need To Know About Employee Motivation

Vantage Circle

In the workplace : Employers provide extrinsic motivation in the form of pay raise and other benefits. The benefit of this motivation is you can make benefits direct and quantifiable. And now, I am more motivated to make this my best article! . Related Article : Top Employee Benefits and Compensation Ideas.

Food 70
article thumbnail

Financial Wellness Benefits: Why You Should Care?

Vantage Circle

Consider the 401K plan, which is also a financial benefit existing way before than other benefits that organizations opt for. In the wake of the Great Depression, employers started to add benefits package not only to retain and attract best talents but also in order to support their employee's personal needs and goals.

401(k) 90
article thumbnail

What is Employee Retention?

Abel HR

In this article, we’ll discuss what is employee retention and why it’s important to any venture, big or small. Excellent Compensation and Benefits. That said, most people will always choose to work for a company that provides superb compensation and an excellent benefits package. People work to earn a living.

article thumbnail

Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

While there are many factors which may cause this, one of the main reasons is repetitive and tedious benefits. Employees Prefer Compensation and Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% of employees aged 35-44 favor employee benefits to pay raises.

article thumbnail

Why Employee Perks Can Help Your Company Win?

Vantage Circle

Chamber of Commerce Foundation Foundation found that "more than half of millennials (56%) agreed that a quality benefits package influences their choice of employers, and 63% say that benefits are an important reason for staying with an employer." " This article is written by Braja Deepon Roy.