The most and least valued employee benefits

If you’re looking to hire top talent in a competitive job market, your employee benefits package could be key. About 60% of workers say benefits and job perks are a major factor in their decision to accept a job offer. And 80% would choose additional benefits over higher pay.

While it’s clear that your benefits package plays a large role in recruiting and retaining workers, do you know which benefits are truly valued by employees?

Traditional benefits are the most appreciated.

When given a choice between a high-paying job with fewer perks and a lower-paying job with more perks, these are the benefits that workers say would most frequently be taken into consideration:

  • Better health, dental and vision insurance (88%)
  • Flexible hours (88%)
  • More vacation time (80%)
  • Work from home options (80%)
  • Unlimited vacation (68%)

No other benefit was chosen by even 50% of job seekers, including student loan assistance, paid maternity/paternity leave and free daycare.

Less traditional benefits lack popularity.

Since the tech boom, it’s been a growing trend to offer perks like ping-pong tables, free food, laundry services and more. However, surveys find trendy benefits to be among the least valued — including team bonding events, on-site gym, weekly free employee outings, company-wide retreats and freebies like coffee, snacks and fitness classes.

Additional surveys found:

  • Only 5% of employees value office games like ping-pong.
  • More than half say games are distracting and decrease productivity.
  • Less than 9% of employees think company outings are valuable.[4]
  • Employees ranked pet insurance, pet-friendly offices and health coaching as the least desired items out of 15 possible perks.[5]

Almost half of employees say they have never been asked by their employer about what makes a positive work experience.[6] As you enhance your benefits, ask your employees whether the benefits you offer are the ones they value most.