Following on from our previous article regarding the importance of workplace culture, in this blog, we take a closer look at Employee Value Propositions, and how employee benefits are a critical component of that.
As we’ve previously discussed, a positive team culture is an important consideration and motivator for employees, but what else are people looking for when it comes to employee benefits?
In an Australia-wide study conducted by YouGov Galaxy, employees were asked what benefits they’d most like for their workplace to provide.
This list is as follows:
When we collate this data with other survey results we see clear trends in what is important to employees when it comes to company benefits and these can be broken down into four main themes. Let’s take a closer look at these trends, and find out what initiatives you, as a leader, can implement to add value to your employees.
Flexibility – Flexible work arrangements have become the norm for Australian employees and it is one of the most sought-after benefits staff are looking for and expecting from their workplace. This includes remote working options and flexibility in working hours, which is now often seen as a minimum expectation as we move through 2024.
Remuneration and Rewards – On top of salary, we see that discounts and lifestyle benefits are of clear importance to employees. This could include things such as:
Wellbeing & Wellness – Supporting your employee’s mental and physical health is certainly becoming more and more prevalent in the current times. Providing access to services and initiatives such as:
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