Top 10 Perks & Benefits Companies Can Offer
Employees in Australia
Employee perks and benefits can come in a number of arrangements and packages, with anything from health insurance, professional development, stock options, study reimbursements, flexible work schedules or a perk even as simple as having a coffee machine in the office.
So why should businesses invest in employee perks?
Clutch surveyed 507 full-time employees and found that perks:
- Increase workers’ efficiency
- Decrease turnover
- Improve company culture overall
Today, your staff–both casual, full-time and part-time, value lifestyle and work-life balance above much else, meaning that if you want to keep the best working for you, you will most likely need to provide a competitive workplace that discourages them from going elsewhere.
Read next: Unique ways to motivate your casual staff.
However, with so many different perk and benefit options to choose from, how do you know what matter?
Well, our good friends over at Seek commissioned a survey, conducted by Survey Sampling International (SSI). SSI interviewed 4800 Australians and 4000 Kiwis on their preference of employer perks and benefits.
The data was weighted to be nationally representative of age, gender, location, employment status and income, based on ABS and NZ stats.
The results found that both Australians (59%) and Kiwis (49%) found flexible working arrangements and the ability to work from home the most appealing benefit a company could offer.
The top 10 results for both Australia and New Zealand differed slightly with ‘Extra Superannuation Contributions’ and ‘Unlimited Leave’ coming in at #2 and #3 for Aussies and ‘Insurance’ and ‘Professional Development’ #2 and #3 for Kiwis.
While flexible working arrangements like working from home and gym memberships are not suitable to all job types (such as casual hospitality and event work) the desire for flexibility, in general, is driving a trend towards greater control over when and where we work.
Flexibility can allow workers to scale their hours up and down depending on situations such as study, parenthood, career change and so on.
The intersection of the trend towards a desired flexible working arrangement with rapid advances in technological innovation has fuelled the emergence of online staffing platforms like Sidekicker, offering a faster, easier and cheaper way for businesses to source, pay and engage workforces.
It’s been estimated that contingent workers make up 30% of the Australian market, with Deloitte aspiring to move to a 30-40% contingent workforce in the future. The PwC Future of Work HR Survey 2014 found that “HR professionals are expecting ~20% of their workforce to be contractual workers by 2022.”
Designing an employee benefit scheme for a flexible workforce will become more important than ever.
In the infographic below, you’ll see the top 10 perks & benefits companies can offer employees in Australia as ranked by workers.
We surveyed our own internal team at Sidekicker and found that the most surprising result of this survey was how far down ‘Food and Coffee Machines’ featured in the list…
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