According to a 2019 Harris Poll, 70% of employees in the US admit that one of the reasons they might leave their current job is if they found a new employer that's interested in investing in employee learning and development. Employee learning and development is only one of the benefits that help employers become more attractive to job-seeking candidates. Let's look at the top reasons why employees value benefits like these.
The majority of adults in the world spend most of their day at work. Employee benefits such as thank-you bonuses make it worthwhile, and employees thrive in an environment where they are appreciated. If you're going to be spending a lot of your time somewhere, it makes sense that you would want it to be a place you enjoy spending time in. The last thing you want is to have employees who drag their feet every morning when coming into work. Employees value benefits because they are motivated to work harder and enjoy their workplace more.
Employees also value benefits because it allows them to have a better work-life balance. Take, for instance, wellness perks like company retreats and gym memberships. These take the focus away from work and give employees time to recharge their batteries and focus on leisure activities. This is something every employee prefers since overworking can lead to negative consequences, such as stress and poor mental health. Employee benefits can also include giving workers some time off to spend with family and friends, which is good for their overall mental health.
Generally, employees value benefits because they improve the overall employee experience. A positive employee experience shows that the organization values its workers, who are its greatest assets. When a company has a robust benefits package, this shows that they treat their workers well. This is something that all employees value, and it improves employee retention. The good news is employee benefits don't necessarily have to be monetary. So, a company doesn't have to have a big budget to provide employees with valuable benefits. This allows companies to retain the best talent and remain competitive.
Employee benefits improve the overall employee experience. This is a win-win for businesses because it also improves employee productivity and retention. If you would like to know more about employee benefits that convert, please get in touch with us.