Popular Benefits with Job Seekers
I need more comprehensive benefits than I have now and I’d like to negotiate additional perks with my current employer. What are some of the top benefits that professionals like me are looking for? And, for that matter, what are some of the top perks that employers are offering?
Employers started enhancing comprehensive benefits packages to attract top talent a while back. But with salaries not expected to change significantly, this trend is expected to accelerate as employers look to offset stagnate wages by enhancing perks and benefits. As reported in the 2021 Robert Half Legal Salary Guide, the most popular benefits for legal professionals fall into two major categories: health/wellness and work-life balance.
Health and wellness
As healthcare costs continue to rise, many workers are seeking to offset the expenses associated with both routine care and emergencies. The good news is that health insurance is part of most benefits packages that employers offer. Research for the Salary Guide indicates that 68% of companies offer this as an employee benefit.
Other health and wellness benefits in high demand include dental insurance and retirement savings plans, with 59% and 55% of companies offering these, respectively. Additional benefits some companies offer in this category are:
- Life insurance and Accidental Death & Dismemberment insurance
- Vision insurance
- Disability insurance
- Employee assistance programs
Many professionals are seeking benefits that will help to improve their work-life balance. For example, the average frequency those responding to surveys for the Salary Guide said they’d like to work from home was three days per week after any current stay-at-home orders are lifted.
Paid time off is still a mainstay, with 63% of employers polled for the Salary Guide saying they offer it as a benefit. And in an effort to keep pace with demand, 46% of employers are offering flexible work schedules, including:
- Flextime (nontraditional eight-hour day)
- Completely flexible schedule (40 hours any time during workweek and weekend)
- Compressed workweek
- Windowed work (eight hours per day any time during the workweek)
Other in-demand perks in this category include:
- Remote work options (separate from stay-at-home orders) — most valued by 44% of workers
- Paid parental leave — 33%
- Employee discounts — 26%
When it comes to perks and benefits, firms are clearly making efforts to keep pace with job seekers’ expectations. Other noteworthy benefits that companies are offering include retirement savings, leave of absence/sabbatical, tuition assistance/reimbursement, paid time off for volunteer activities, matching gifts programs for employee donations/fundraising and pre-tax programs.
From the sound of your question, it looks like you’ve recognized that non-monetary compensation can be worth as much or more than a bump in salary.