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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

Employees Prefer Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% employees aged 35-44 favor benefits to pay raises. Below listed are some employee benefits which employees feel are better than pay raises: Health Insurance. Paid Sick Leaves.

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

Employees Prefer Compensation and Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% of employees aged 35-44 favor employee benefits to pay raises. Paid Sick Leaves. So, what non-monetary benefits can you provide to retain these employees?

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Employee benefits for small businesses

Higginbotham

A Glassdoor survey found that 80 percent of employees prefer additional benefits over a pay raise. Some employers offer paid sick leave, but usually not enough to cover a serious health problem. If employers don’t provide adequate compensation, they risk losing their workers. It can be very expensive.