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Consumer Affairs reported the top 5 reasons for quitting to be in search of better pay and better benefits, insufficient payraises, unmet needs by their former employers, and pay inequality. This could include health benefits, time off, retirement assistance, etc.
Research by Glassdoor showed that 63% of employees look for new or additional benefits over a payraise when scoping out job listings, highlighting the increasing value placed on non-monetary aspects of employment contracts. Here are some steps to guide your process: Assessment: Understand the needs of your workforce first.
According to Glassdoor’s Employment Confidence Survey , about 60% of people report that benefits and 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 payraise.
Tangible rewards, such as bonuses or payraises, can complement non-monetary incentives like public recognition, additional vacation days, or opportunities to attend conferences and seminars. But beyond the basic salary, comprehensivebenefits can be the deciding factor for many professionals.
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