What Employees Want More Than a Raise

The salary you are paid can determine your quality of life now and in the future.  Salary can be the most significant aspect of any job. After salary, benefits offered by an employer is usually the next major factor of consideration in determining whether a candidate accepts a job offer or not. In fact, Glassdoor statistics state that 57% of job candidates say that benefits and perks are among their top considerations before accepting a job. Benefits can also be a critical aspect of long-term employee retention.

According to a Glassdoor report, there are five benefits that employees want more than a raise. The benefits that have the greatest impact for employees include health insurance, paid time off and retirement assistance. Other programs such as extended maternity/paternity leave policies, tuition reimbursement, childcare assistance and transportation subsidies can go a long way towards fostering goodwill for your library/organization.

The report offers five tips for planning a successful benefits rollout. It also suggests that employers engage their current employees by asking for feedback on the value they place on certain benefits. Getting the basics (health insurance, paid leave and retirement assistance) right will do more for employee satisfaction than adding ancillary benefits and fun perks. An employer’s full package of benefits strengthens the employer’s brand even among the employees who don’t take advantage of them.

NOTE: There are several programs on salary negotiations being presented during the ALA Annual Conference in New Orleans (June 21 – 26, 2018). See the conference scheduler for details.