Research reveals most valued benefit

Top preference highlighted by 94% of those surveyed

Research reveals most valued benefit

More than nine in 10 (94%) employees prioritize the option to work remotely, citing increased productivity and happiness, according to research conducted by Business Name Generator. The study, which surveyed over 1,000 office-based workers in the UK, revealed that only 27% of respondents currently enjoy this benefit.

The research also found that 93% of employees highly value flexible working hours and locations, while Gen Z workers (aged 18-24) rank a cost-of-living payment as their most important benefit. On the other hand, employees aged 55 and above favor benefits such as a four-day workweek and the ability to bring their furry companions to work.

In contrast, access to a bikes-for-work scheme was deemed beneficial by a mere 37% of respondents, with childcare vouchers (52%) and volunteer days (55%) ranking among the least popular options provided by employers.

In response to the ongoing cost-of-living crisis, 28% of those surveyed reported receiving additional monetary benefits, such as increased paid overtime, annual bonuses, or one-time cost-of-living payments. Furthermore, 21% stated that they had received office lunches and subsidized travel.

The study also revealed that nearly a quarter (23%) of respondents had left a job due to insufficient workplace benefits. However, 37% expressed that their employers were receptive to suggestions for improving benefits.

Job seekers appear to place great importance on transparency regarding salary information, with over 60% considering its absence a red flag. Additionally, 46% indicated that they would not apply for a job lacking attractive monetary benefits, while 37% would pass on opportunities lacking wellbeing benefits.

“With no end in sight to the cost-of-living crisis, workplace benefits will continue to be a sticking point for employees. Ultimately, staff will vote with their feet by leaving employers which lag behind their expectations. It’s never been more important for businesses to re-evaluate the perks they have on offer to retain and attract the best talent. The results are clear, flexibility and additional monetary support are the most important benefits to UK office staff,” said Chloe Chai, spokesperson for Business Name Generator.