How Important Are Perks In The Workplace?

Workplace perks

The workplaces of today are increasingly realising that employee happiness can directly impact their productivity levels. Happier employees can mean higher levels of productivity with their work. Technology companies such as Google and Facebook have been at the forefront of envious employee perks for years.

An article in Inc outlined just a few of the perks Google employees get including bringing their pets to work, free fitness classes and gyms and even “massage credits”. While these kinds of perks are obviously not feasible for every company, it’s important for companies to realise that they are increasingly becoming an important factor in an employees work decisions.

People Are Actively Seeking Perks

A study by CV-Library of 1,000 professionals looked further into the impact that perks can have on employees. 70.5% of workers believed that all businesses should offer benefits and the importance of this cannot be understated when 62.1% considered perks to be a key factor when searching for a job.

So not only are these benefits important when people are actually in work, but they can be a crucial factor for some people in whether or not they accept a job. What is perhaps surprising however is what the most desirable workplace perks actually are.

It may be easy to assume that people want Google style benefits, but in fact only 18% of people said they would want free fitness facilities or classes. The clear winner is flexible working with almost half of those surveyed (47.2%) saying this was the most desirable workplace perk they would like to receive.

Following on from this, 39.1% chose seasonal bonuses and 37.3% would like to receive extra holidays. The full list of workplace perks professionals would like to receive is below:

  1. Flexible working (47.2%)
  2. Seasonal bonuses (39.1%)
  3. Extra holiday (37.3%)
  4. Staff discounts (22.6%)
  5. Paid time off on your birthday (21.3%)
  6. Casual dress code (19.8%)
  7. Free fitness facilities or classes (18%)
  8. Free office snacks and drinks (18%)
  9. Parties and social activities (8%)
  10. Nap or games room (5.2%)

It’s Not All About Physical Perks

What is clear to see from the list is that the top 5 are not physical such as adding in a games room or a party, but are directly related to things that would have more emotional benefit to an employee. While the ability to play a video game at work is appealing to many people, being able to work flexibly is obviously more valued.

Lee Biggins, founder and managing director of CV-Library emphasised this by saying: “It’s interesting to see that todays’ workers are shying away from the more whimsical perks that have become somewhat of a fad in recent years. For example, ‘nap pods’ and ‘office bars’ are being shunned in favour of the more practical benefits, like flexible working and bonuses.”

Unfortunately while employees would like to see more workplace benefits, almost three quarters of professionals in the UK (71.8%) are not receiving any perks. It is understandable then that workplaces that offer great perks are more coveted than those who do not offer anything.

Another interesting fact from the research though is that while they are important and are desirable, they are not what professionals consider most significant to them. In fact a huge 85% of those surveyed would rather see a pay rise over receiving any benefits.

Source:

http://realbusiness.co.uk/hr-and-management/2017/02/03/british-workers-most-desired-workplace-perks/

https://www.cv-library.co.uk/press/employees-reveal-top-workplace-perks-theyre-year/

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Sarah Jubb
Sarah Jubb

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