Employee Benefits - Oxfordshire Local Jobs

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Employee Benefits - Oxfordshire Local Jobs

Employee Benefits: What's IN and What's OUT

Working from home, share schemes, drinks with the boss... What motivates employees and what doesn‘t?

Employees don‘t want to be fobbed off with fancy job titles, flexible working, bonding days and even beers with the boss. No, they just want an old-fashioned thank you! That‘s according to new research from Youatwork.co.uk, a division of Royal & Sun Alliance.

More than two thirds (68&) of workers questioned said that benefits such as new job titles, the opportunity to work from home and even training and development did nothing for their motivation in comparison with a simple thank you.

The research highlighted the benefits that are really valued by employees - and more importantly those that aren‘t.

• Being thanked for good work
• Better pay
• ‘Thoughtful‘ perks
• Well-deserved promotions
• Discounted gym membership to stay in shape and de-stress
• Being given a choice of benefits so you can select what works best for you

OUT

• Working round the clock and bragging about it
• Frittering profits away on corporate bonding days
• Access to a share scheme which offers no instant gratification
• Fancy job titles that mean nothing in reality
• A good car parking spot so you can drive right up to the office door
• Being taken for a beer by the boss and having to struggle in to work with a hangover the following day

One fifth (20%) of employees in financial businesses however said that being taken out for a beer by their boss was more important than courtesy in the workplace.

After thank-you‘s, the next best way to an employee‘s heart is through his or her stomach. When asked which small perk they valued most highly, food featured heavily on the list for workers including a staff biscuit tin (44%), free fruit (42%) and luncheon vouchers (37%).

But the top perk for all staff was discounts on holidays and trips, which was requested by more than half (52%) of employees. The opportunity for an afternoon siesta was requested by 45% of employees.

Chief executive Gerry Callaghan says: "In the race for talent and quest for better results, a tremendous amount of time and money is committed to motivating and encouraging the workforce when, in practice, straightforward rewards are often the most effective."