Skip Navigation

The Online Lifestyle Portal For London - Books, Music, Films, Charity, Shopping, Cinema, Kids, Holidays, Food & Drink

@WORK

Register for FREE E-Mail Alerts

Employers Don't Offer What Employees Want

last updated: 19 December 2007
Contract by Aschwin Prein
advertisment
Bespoke Vacations Generic
Best Loved Generic
A recent survey has shown that employers are still not giving employees the packages they want. Season ticket loans? No, thanks. Flexible working hours? Yes, please. And few are drawn to a bank on name alone.
Recruitment firm Badenoch & Clark surveyed 250 employees and a host of employers to come up with the findings that these two segments aren't really on the same page at all.

Most interestingly:
  • 40% of resigning employees get a counter offer before leaving (but only 14% of them accept one)
  • 21% of prospective employees are incentivised to join a bank because of its name (compared to salaries and career progression, which count for 69% and 66% respectively)
  • Only 9% of respondents cited salary as the reason for leaving their jobs
And while 95% of firms surveyed offer bonus potential as part of their packages (not surprisingly listed as the most important thing to prospective employees), several of the other elements showed quite a disparity:
  • Flexible working hours - 52% want it but only 55% of firms offer it
  • Healthcare - A surprisingly low 32% want it and almost all (91%) offer it
  • Gym membership - Only 8% want it and 62% offer it
  • Season ticket loan - 6% want it yet 74% offer it
The differences in packages offered by US, European and Japanese banks was also mentioned. Almost all offer bonus potential, pension schemes and healthcare, but on things like flexible benefits packages and holidays, European banks were miles ahead (65% and 60% respectively, compared to 10% on both in US banks and 0% on both in Japanese banks).

Article Comments & Ratings

Add Comment (go on... log in)

Arrivals : Life on Arrival

What's On.....