Survey Reveals Office Perks That Drive Retention

Chicago — Jan. 24

If you could have one perk in your workplace, what would it be? A new survey of more than 3,900 workers by CareerBuilder explored what job factors are most important -- and which are most likely to drive employee retention.

How important is title?
While upward mobility is a key factor in job satisfaction and employee retention, having a certain title isn't important to more than half of workers (55 percent). The vast majority (88 percent) reported that salary matters more.

Other factors that outrank job title in what is most important to workers are:

• Flexible schedule — 59 percent.
• Being able to make a difference — 48 percent.
• Challenging work — 35 percent.
• Ability to work from home — 33 percent.
• Academic reimbursement — 18 percent.
• Having an office — 17 percent.
• Company car — 14 percent.

Do perks matter?
Twenty-six percent of workers said that providing special perks is an effective way to improve employee retention. When asked to identify one perk that would make their workplace more satisfying, early dismissals, convenient gym access and casual dress scored highest:

• Half-day Fridays — 40 percent.
• On-site fitness center — 20 percent.
• Ability to wear jeans — 18 percent.
• Daily catered lunches — 17 percent.
• Massages — 16 percent.
• Nap room — 12 percent.
• Rides to and from work — 12 percent.
• Snack cart that comes around the office — 8 percent.
• Private restroom — 7 percent.
• On-site daycare — 6 percent.

What ultimately entices workers to stay with a company?
Not surprising, the majority of workers (70 percent) reported that increasing salaries is the best way to boost employee retention, while 58 percent pointed to better benefits.

Other actions workers said employers should take to reduce voluntary turnover include:

• Provide flexible schedules — 51 percent.
• Increase employee recognition (awards, cash prizes, company trips) — 50 percent.
• Ask employees what they want and put feedback into action — 48 percent.
• Increase training and learning opportunities — 35 percent.
• Hire additional workers to ease workloads — 22 percent.
• Provide academic reimbursement — 22 percent.
• Carve out specific career paths and promote more — 21 percent.
• Institute a more casual dress code — 14 percent.

Source: CareerBuilder

Article Keywords:   retention   employee engagement   benefits  


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