What benefits do your staff really want?

blog-publish-date

18 May 2011

blog-read-duration

New research by Croner reveals a discord between what benefits job seekers want and what employers offer. London, 12 May 2011 – New research for Croner carried out by YouGov reveals that when asked to pick their top 3 things that make/would make a job more attractive to them offering flexible working is now top of the benefits table for Brits (48%). This may come as a surprise to employers as new research by Croner* think that company reputation is the key to attracting new recruits. A YouGov survey for Croner reveals that in addition to flexible working, workplace culture (42%) and good location (34%) are also in the top three benefits that would make a job more attractive to job seekers. When a similar study was carried out for Croner by YouGov in 2007 employees where asked to pick the top 3 things that make a job more attractive to them, 47% said location, 43% holiday entitlement and 39% extra bonuses/flexible working were the most important things to them. Separate research by Croner Reward in 2007 and 2011 shows that employers still hold their belief that company reputation, workplace culture and staff development are the most important benefits to attract key staff. Viv Copeland, Head of Reward at Croner says: "The results of these surveys are very revealing about what attracts a person to a job and the discord between the views of employers and job seekers. "If we look at job seekers, their needs have changed quite significantly over the last four years. There are a number of contributing factors to this not least the changing economic environment. In 2007 when the job market was still buoyant and the recession a cloud in the distance, people wanted a job close to home, more holidays and extra money." Holidays are no longer seen as a must-have perk since the government increased the statutory minimum holiday entitlement to 28 days which can include bank and public holidays. In addition people understand that there is no extra money for pay increases let alone bonuses so this has also slipped down the list. And with jobs few and far between people are having to look further afield, consequently location is less important. Culture is the only constant and employees and bosses alike are aware of the advantages that come with having a good culture within the workplace. Viv Copeland adds: "It is clear that the key benefits issue for employers remain the same – understanding employee needs. So if an employer takes the time to find out which benefits employees' value, it is much easier to get that match right." Croner offers expert pay and benefit advice, as well as consultancy services, to help businesses understand what their employees want from a remuneration package. Contact us today for more information. Notes to editors Note on the research Figures from YouGov plc: Total sample size 2009 adults. Fieldwork was undertaken between 4th-7th February 2011. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+). Total sample size for 2007 was a representative sample of 2,560 adults. Fieldwork was undertaken between 15th - 19th February 2007. The survey was carried out online. *Figures from Croner Reward: Total sample size 206 HR professionals. Fieldwork was undertaken between 1st-8th March 2011. The survey was carried out online.  

Free to Download Employer Resources

  • Pay Awards & Forecast (September 2018)

    FREE DOWNLOAD

    Pay Awards & Forecast (September 2018...

    Read Croner Reward's expert settlement and forecast report for September 2018

    Read more
  • Sample Health & Safety Policy Statement

    FREE DOWNLOAD

    Sample Health & Safety Policy Stateme...

    Here we’ve included a free sample Health & Safety Policy Statement that UK business owners can refer to.

    Read more
  • Pay Awards & Forecast (June 2018)

    FREE DOWNLOAD

    Pay Awards & Forecast (June 2018)

    Read Croner Reward's expert Settlements and Forecasts report for June 2018

    Read more
  • How Much Does Employee Turnover Cost Your Business?

    BLOG

    How Much Does Employee Turnover Cost ...

    A recent Glassdoor survey revealed that almost 35% of hiring professionals expec...

    Read more
  • Staff Turnover: What Do You Need to Know?

    BLOG

    Staff Turnover: What Do You Need to K...

    Having a high worker turnover can have mean two things: A negative impact on you...

    Read more
  • What is Wrongful Dismissal?

    BLOG

    What is Wrongful Dismissal?

    If you breach an employee’s contract, you could be liable for wrongful dismissal...

    Read more
  • bemrose-school-derby

    CASE STUDY

    Bemrose School Derby

    “Having Croner-i saves us a lot of time and money, as we do not have to use cred

    Read more
  • wmtr

    CASE STUDY

    WMTR

    “I’d definitely recommend the Croner OnSite services and I have done already, I

    Read more
  • certikin

    CASE STUDY

    Certikin

    “Our Distribution Manager had a particularly technical query relating to respira

    Read more

Ready to focus on what you do best?

Get your free consultation and speak to an expert today.