HR Question: We want to evaluate our employee benefits and consider different offerings. What are the latest employee benefit trends?
HR Answer: Organizations that strive to offer competitive benefits have an advantage in attracting and retaining top talent. However, there can sometimes be a misalignment between the benefits or extra perks employees value most and those employers offer. A recent Forbes Advisor survey of employers and employees showed alignment on some benefits, but a notable mismatch was seen in the case of paid time off. Employers did not list it among their top five in-demand benefits, yet 31 percent of employees cited it as most important.
According to that same Forbes Advisor survey, employees are most likely to quit for higher pay, more competitive benefits, better advancement opportunities, and flexible work-from-home arrangements. This raises the question: What constitutes "more competitive benefits?"
Please select this link to read the complete article from OSAP member Clark Schaefer Strategic HR.