While salaries are still the strongest incentive, many potential employees also look at industries with the best benefits like paid leave, health insurance, and retirement plans.
In 2016, Glassdoor conducted an anonymous online survey of past and present employees who rated employers across eight different industries, with over 470,000 responses. The objective was to uncover which North American industries (that currently have active job openings) offer the best employee benefits.
The three industries that came out on top with the highest rated benefits packages were:
- Finance Sector
- Information Technology
Not surprisingly, food service and retail industries were rated at the bottom of those surveyed with education, health services and business services rounding out the mix.
What Are the Top Industries Doing Differently
According to a Glassdoor study, 3 out of 5 respondents consider “perks” and “benefits” right up there with salary when evaluating job compensation.
In support of this, when searching for top employees, many finance and technology companies stated that they had “increased benefits” as a means of attracting the most desirable candidates.
In the manufacturing sector, offering significant incentives are necessary to attract and maintain highly skilled tradespeople. The unions who represent the employees generally negotiate premium benefits packages for employees in manufacturing.
Most respondents that considered parental leave a top priority were from the education and IT sectors, while business services, retail, and health care had the lowest ratings in that category.
The Glassdoor survey also examined free snacks and free food as perks of the job.
While the quality of benefits in the food service industry may be some of the lowest, this sector did offer the best perks in terms of free food and snacks. However the education and retail sectors received the lowest rating for food perks.
Want to Offer Your Employees Better Benefits?
In today’s job market there seems to be an upswing in terms of the number of potential employees looking for added benefits along with a competitive salary.