This post is part of a larger guide: TQR’s 2020 Salary Guide. Click here to get the full guide free!
As you’re considering your next position for hire, you may want to analyze your current benefits package. After all, a survey by MetLife (US) found that 76% of employees surveyed agreed that employers are responsible for the health and wellbeing of employees, up from 68% in 2015.
Here’s a list of possible benefits/perks that employers are implementing in 2020:
Top Desired Benefits/Perks
- Flexible Work Schedules: Employers are starting to let employees plan their own hours, haveuncapped lunches, and flex start and end times within a minimum in-office requirement.
- Compressed Workweek: The four-day work week is becoming more popular.
- Telecommuting: Work from home opportunities are increasingly desired, as technology capabilities expand.
- On-site Amenities: With the amount of time employees spend at work, employers are beginning to implement more amenities ranging from gyms to onsite bars.
- Paid Time Off: Some companies are providing additional paid time off. Others are implementing unlimited vacation time. This is all with the intention to keep employees motivated and feeling focused and energized.
Additional Benefits/Perks Being Offered
Healthcare: Coverage for all things medical, dental, or health related.
Retirement Savings Plans: RSP contribution set allowance or matching.
Maternity/Paternity Leave: Additional time for Maternity or Paternity leave. Even more uncommon but desired: Paw-ternity leave for new pet owners who can’t bring their pet into the office.
Financial Wellness Programs: Allowance for Gym Memberships, or incentives for hitting defined goals.
Travel Accommodation: Reimbursement for commuting into the office.
Role Rotation: Rotating job positions based on a specific time-frame.
Coffee Bar: Thewater cooler takes a step up. Caffeine on tap goes a long way.
Happy Hour: The water cooler takes a larger step up.Alcohol is provided for employees after a certain time of day, or Fridays only.
Free food: Whether it’s the occasional catered lunch and learn, or a regular breakfast, employers are starting to take responsibility of their employees eating schedule.
Community Initiatives: Holding events that connect employees to their community, or providing time off for employee appointed initiatives that mean something to them.
Incremental Bonuses: Clearly defined incentive programs typically set by performance but can also be duration based.
Social Events/Committees: Company appointed committees responsible for creating meaningful experience for the company and everyone who works within it.
Profit Sharing: Employees receive a percentage of profits based on performance or referral business.
Stock Options: Employees are being given stocks on acceptance of a role, and at set timelines of their employments.
Team Building Activities: Planned events that focus on fostering connections between teammates.
Relocation Opportunities: Larger companies give employees the chance to relocate to an alternate office, meaning new environments and opportunities.
Student Loan Repayment: Plans to match student loan payments, or pay an allocated amount per pay check.
This post is part of our larger annual Salary Guide.