Feb 09, 2022
In a tight labor market, executives are responding to employee demands for more competitive compensation and benefits, according to a PwC survey. For the most part, they have a good grasp of why employees are looking elsewhere. When it comes to offering incentives that employees want most, they’re falling short in benefits and compensation.
Employers are offering more options in scheduling and work location. Around a third are also revising compensation, enhancing benefits, and offering more career advancement opportunities. However, companies that are on hiring sprees are focusing, above all, on corporate purpose and leadership. While those are important, they should expect candidates to negotiate hard for competitive packages and perks coupled with flexibility and expanded benefits, such as career growth and upskilling opportunities. The top incentives for job seekers are flexibility, expanded benefits, and compensation.
