As our working hours increase; many of us do not receive overtime for our additional free labour, therefore receiving perks is a well deserved sweetener. However this is not the reality for many UK workers, new research commissioned by facilities and building maintenance specialists Direct365 has shown that 61% of UK workers believe they do not get enough perks from their employers. The findings coincide with a 2015 study conducted by the Institute of Leadership & Management (ILM), which revealed:
- One in three people plan to leave their jobs in 2016
- 17% of the 2,000 people surveyed said they will move on because they feel under appreciated in their current roles
Gail, 34 a Brand Manager for a well known premium, high street brand, typifies a disaffected employee:
“The hours my team and I work are insane! Factor in the fact that we do not get overtime. The company I work for is doing pretty well, yet we have not received a bonus: which although performance related, it is a ‘discretionary’ bonus which has to be approved by senior management.”
What about other benefits?
“There are no other benefits; OK there is a pension but that is now mandatory and we receive 30% product discount.
“I’m being contacted by head hunters and feel ready to make a move to a company that appreciates its staff more.”
It is clearly apparent that employers could be doing more to keep staff like Gail happy and engaged. Emma Gilroy, Brand Development Manager at Direct365, believes that employers need to reassess the way they show their appreciation for their employees:
“A lot of companies suffer from ostrich syndrome when it comes to employee benefits – they think they are offering perks that their staff genuinely want, but as our survey results show, the reality is very different.
“If employers spent more time focussing on rewarding their staff and showing gratitude, they would not only see increased productivity, reduced absenteeism and improved customer service (happy staff always come across more positively to customers), but more importantly they would drastically reduce the amount of staff looking to move on.
“It sounds so simple, but few businesses actually ask their workers what perks they’d like. Talk to them and discover what the majority want from you.”
In terms of perks, employee’s wants are not too outlandish; more than one in three of the 750 respondents voted for flexible working:
- The majority of the survey respondents (35%) opted for flexible working
Such incentives, when implemented sensibly, can be mutually beneficial for employers and employees alike. Employees can benefit from a better work-life balance, avoiding unnecessary commutes, whereas employers can save money on overheads and often notice an increase in productivity.
More than a quarter of respondents want a company car:
- 27% of those surveyed opted for a company car as their ideal reward
Over 10% consider gym membership a good perk:
- 14% opted for corporate gym memberships
Having a toned work force is all very well; however there are also other health benefits. According to the Chartered Institute of Personnel and Development (CIPD) Absence Management 2015 report, two-fifths (41%) of organisations reported an increase in stress-related absence (such as depression and anxiety) over a 12-month period. By offering gym memberships, companies can reduce this figure. Taking greater care of staff well-being, ensuring that everyone is fit and healthy can reap major rewards in the long run.
Childcare vouchers were also chosen:
- 6% of those people surveyed would choose childcare vouchers as their preferred employee benefit
By introducing this type of perk, an employer is demonstrating that they take an employee’s family into consideration and shows an understanding of their work-life balance; achieving a good work –life balance is something we all strive for, employers who introduce some of the aforementioned perks can expect, a more loyal, healthier, happier workforce.
To find out more about Direct365 please visit: www.direct365.co.uk