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Benefit packages make or break job offers: Randstad US study

June 20, 2018

Only 39% of US workers are satisfied with the benefits their employers offer, according to a survey released by Randstad US.

Additionally, less than half of employees, 48%, report knowing all the perks their employers offer, and only 40% said their employers help them understand the benefits that are available.

Benefits packages are a make-or-break aspect of a job offer, the study found.

  • 66% of workers agree that a strong benefits and perks package is the largest determining factor when considering job offers, and 61% would be willing to accept a lower salary if a company offered a great benefits package.
  • 42% of employees say they are considering leaving their current jobs because their benefits packages are inadequate.
  • 55% have left jobs in the past because they found better benefits or perks elsewhere.

When considering a potential employers’ benefits, 75% of workers prioritize health insurance, followed by retirement funds and/or pensions at 21%.

Highly rated “workplace-related extras” that workers want to see more of included:

  • Early Friday releases: 33%
  • Flexibility and remote working: 26%
  • Onsite lifestyle amenities, like gyms and dry cleaning: 23%
  • Unlimited vacation time: 22%
  • In-office meal options, like communal snacks or food courts: 18%
  • Onsite childcare: 15%

Age, income level and gender all play a role in the benefits that employees prioritize. Forty-one percent of respondents aged 18 to 24 said their current employers do not offer student loan repayment benefits, but wish they did; workers aged 50 and older named health insurance as the top benefit they wish their employers offered; and 28% of respondents who earn more than $150,000 annually say bonuses are one of the most important perks when considering new employment.

“With the rise of the agile workforce and flexible work arrangements, the lines between ‘home’ and ‘work’ are increasingly blurred,” said Jim Link, chief human resources officer at Randstad North America. “But what’s telling is that, although employees clearly express a desire for more freedom over where and how they work, when they are in the office, they take that time very seriously. That’s why onsite amenities that make the workplace as comfortable and convenient as possible are still so attractive.”

The OmniPulse survey was fielded by national polling firm Research Now on behalf of Randstad US. The survey was fielded from April 9 to April 13, 2018. It included 756 respondents over the age of 18 and a nationally representative sample balanced on age, gender and region. Ninety-one percent were employed as traditional employees at the time of the survey, and the remaining nine percent were contractors or freelancers.