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What's wooing talent – benefits or salary? The not-so-obvious answer

Christian Schappel
by Christian Schappel
January 12, 2011
1 minute read
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Forty-one percent of employers are concerned about losing their top talent in 2011 – and they should be.
While only 15% of full-time workers say they are actively seeking a new job, 67% said they’d change jobs if the right opportunity came along, found a CareerBuilder survey of 3,910 U.S. workers and 2,482 hiring managers.
And that right opportunity doesn’t have to be spurred by the promise of a larger salary. Top-notch benefits packages are what’s wooing top talent these days.
Affordable benefits were rated as more important than salary by 68% of the workers surveyed.
Keeping the grass green on this side
So if you’re a company that’s planning to give out raises this year (61% of those surveyed said they were), it may be wise to look at bolstering your benefits plans instead.
Unfortunately, not everyone’s got the money to offer better benefits or boost pay.
So many employers are turning to low- or no-cost ways to improve the overall work experience and retain their best employees.
What are employers planning?

  • 33 % expect to offer more flexible work arrangements, via telecommuting options and alternate schedules in 2011
  • 15% reported they will provide a more casual dress code, and
  • 13% said they plan to dish out swankier job titles — but without pay increases.

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