HR Fred Heritage · 5 October 2016
Forget nap-time or free holiday, job recognition is all millennials want
The majority of British workers do not consider employee benefits when looking for their next job, a new study has shown. Around a third of the workforce think about the perks employers are willing to offer them while job-hunting, with the proportion even lower amongst younger UK workers. Just 40 per cent of 18 to 24-year olds the country’s so-called millennials? claimed to be interested in which benefits are offered to staff. In comparison, 70 per cent of 35 to 44-year olds do take perks into consideration, reflecting a large generational gap. The study, by procurement firm Direct365, asked 2, 000 people about their employment priorities, and discovered that job satisfaction, peer recognition and career trajectory were far more important for millennials. The news come despite a growing trend for innovative employers to offer evermore extreme incentives to staff to keep them sweet. Google, for example, now offer futuristic-looking sleep pods to workers keen to take a half an hour nap in their lunch break. Similarly, business review platform Yelp entertains staff with a range of in-house incentives including pool tables, videogames, and even free beer while video streaming giant Netflix’s unique policy towards annual leave lets employees take as much or as little holiday as they like. Commenting on the findings, Direct365’s digital head Phil Turner said: Fun incentives may look great on paper, but the reality is very different and companies should be working to give staff what they genuinely want.
ABOUT THE EXPERTFred Heritage
Fred Heritage was previously deputy editor at Business Advice. He has a BA in politics and international relations from the University of Kent and an MA in international conflict from Kings College London.