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Study finds workers want more paid time off, better benefits in 2015

March 11, 2015

As the focus on employee recruitment and retention sharpens in a recovering economy, many executives may be undervaluing a perk their workforce wants most, suggests new research from Accountemps, a division of Robert Half International Inc. (NYSE: RHI).

When asked which workplace perk they think their employees are most interested in receiving this year, 41% of CFOs interviewed said better benefits and 19% said more vacation days. However, in a separate survey of workers, more paid time off narrowly edged out better benefits as most desired in 2015, at 30% and 26% respectively.

CFOs were asked, “Other than additional compensation, which one of the following do you believe would top your employees’ wish lists when it comes to their jobs this year?” Their responses:

  • Better benefit plan, such as enhanced healthcare plan: 41%
  • More vacation days: 19%
  • More scheduling flexibility, such as telecommuting or flexible work hours: 15%
  • More training or professional development opportunities: 12%
  • Other corporate perks, such as on-site meals and amenities, health and wellness, or subsidized transportation: 11%
  • Don't know: 2% 

Employees were asked, “Other than additional compensation, which one of the following would top your wish list when it comes to your job this year?” Their responses:

  • More vacation days: 30%
  • Better benefit plan, such as enhanced healthcare plan: 26%
  • More scheduling flexibility, such as telecommuting or flexible work hours: 19%
  • More training or professional development opportunities: 15%
  • Other corporate perks, such as on-site meals and amenities, health and wellness, or subsidized transportation: 9%

Responses do not total 100 percent due to rounding.

“You can’t underestimate the importance of time away from work,” said Bill Driscoll, a district president with Accountemps. He noted companies should encourage staff to take the vacation time they’ve earned and disconnect while out of the office to relax, recharge and return with renewed energy. “Managers can set a good example by taking time off themselves and not checking in when they’re on vacation,” he said.

The survey was developed by Accountemps and conducted by an independent research firm. It included interviews with more than 2,100 CFOs from companies in more than 20 of the largest US metropolitan areas.