What Employers Must Do to Compete for Top Talent
The vast majority of workers queried would prefer to receive additional benefits and perks over pay raises, according to a recent survey from Glassdoor. The most in-demand benefits include better health care coverage and more time off. That's certainly a sign of the times, given the continuing national debate over health care and the ongoing concerns about the lack of work-life balance. Management should pay close attention to this trend because, in today's job market, very few professionals are worried about getting laid off. And, even if they did lose their job, most of them are confident they'd be able to land a new, suitable position in a relatively short time. "As the U.S. economy continues to expand and job market confidence continues to rise, there is no doubt that it is a job seeker's market," says Rusty Rueff, a career and workplace expert at Glassdoor. "This is a clear signal to employers that, in order to compete in today's labor market, it's not just about salary and compensation. Employers should be communicating clearly about nontraditional compensation. Recruiters should take note that touting the benefits and perks offered can help win talent of different demographics, industries and occupations." More than 2,000 U.S. adults took part in the research.