More than half of employees would resign from their job if they were offered a better benefits package elsewhere.
According to research by Zest, 56% would hand in their notice if another organisation gave them better staff perks.
Nearly two-thirds (63%) agreed that benefits have become more important to them when choosing where to work.
And significantly, this view was particularly strong among younger employees, with 72% of 18 to 34-year-olds saying they felt this way.
However, 41% of employees were found to be dissatisfied with the staff perks they currently receive.
Again, this view was very common among 18 to 34-year-olds, as 47% of people in this age group said they believe their benefits package is inadequate.
What perks do employees want?
The Zest study found that more than anything else, employees want perks that help with their financial situation, such as private medical insurance, increased pension contributions and employer contributions to home energy costs.
Many also are keen to see employers offer mindfulness programmes - structured sessions that teach techniques like meditation, breathing exercises, and stress management.
Staff perks a good alternative to higher salaries
One notable finding of the Zest research was that one in five (19%) employers don’t feel they can afford to increase salaries.
That means offering a strong benefits package could be a vital way for firms to both attract and retain top talent.
Otherwise, businesses could be running the risk of losing key personnel to their competitors.
Matt Russell, chief executive officer at Zest, said: “Employees aren’t afraid to switch jobs to get the perks that they need.
“Employers must ensure that not only are they increasing investment in their benefits offering, but delivering enhanced value by implementing the support employees are calling for.”
Mr Russell added that offering a strong benefits package gives firms the chance to gain a “competitive edge” on their rivals and “support productivity and business performance”.
Written by James Glynn
Senior Financial Content Writer
