A significant 80% of professionals reportedly do not fully utilise workplace benefits.
- Research indicates that 35% of employees are dissatisfied with their overall benefits plan.
- Only half of professionals find communication about benefits satisfactory.
- Over 54% see workplace benefits as crucial to loyalty and job satisfaction.
- A mere 21% of employers understand employees’ benefit preferences fully.
The recent survey by Robert Walters reveals a worrying trend where 80% of professionals feel they are not making the most of their workplace benefits. This indicates a significant gap between what is offered and what employees perceive they receive, pointing to potential issues in communication and understanding.
Furthermore, 35% of these professionals express complete dissatisfaction with their current benefits package, highlighting the urgent need for employers to reassess their offerings to better meet employee expectations and improve satisfaction levels.
Communication appears to be a key issue, with only half of the surveyed professionals satisfied with how benefits are communicated. This encompasses a wide range of benefits, from financial perks like bonuses and pensions to wellbeing initiatives such as health insurance.
The importance of workplace benefits is underscored by the fact that over 54% of professionals believe these offerings significantly influence their loyalty to their employer. Notably, some would consider moving to a job with higher financial benefits, even if it means a lower base salary, further illustrating the weight of a comprehensive benefits package.
Alarmingly, only 21% of employers have a complete understanding of the benefits that matter to their employees. This highlights a disconnect that could impact employee engagement and retention if not addressed.
Chris Eldridge of Robert Walters emphasises the impact of well-communicated benefits packages on employee satisfaction and company loyalty. He remarks that benefits not only need to be comprehensive but must also be clearly communicated to be effective.
Eldridge advises employers on improving benefits packages by clarifying offerings and involving employee feedback to tailor benefits effectively. He suggests regular assessments to constantly refine and optimise benefits to align with changing workforce expectations.
Customising benefits could lead to higher satisfaction, as professionals are more likely to appreciate and utilise the options available if they can tailor them to their personal circumstances.
A strategic focus on understanding and communicating workplace benefits is vital to enhance employee satisfaction and retention.
