The majority of American employees (79%) would prefer new or additional benefits or perks to a pay increase, according to the the Glassdoor Q3 2015 U.S. Employment Confidence Survey.

Specifically, looking at the 79% of employees who reported they want benefits and/or perks over an increase in pay, the most preferred benefit is healthcare insurance (40%), followed by vacation/paid time off (37%), performance bonuses (35%), paid sick days (32%) and a 401(k) plan/retirement plan/pension (31%).

Read: Employees value their benefits

More women (82%) than men (76%) prefer benefits/perks to a pay raise. In addition, younger employees aged 18 to 34 (89%) and 35 to 44 (84%) prefer benefits/perks to pay raises when compared to those aged 45 to 54 (70%) and 55 to 64 (66%).

“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 non-traditional compensation,” says Rusty Rueff, Glassdoor career and workplace expert. “Recruiters should take note that touting the benefits and perks offered can help win talent of different demographics, industries and occupations.”

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Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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