Analysis: The one benefit workers want more than anything
MetLife found that more people are interested in having an unlimited vacation policy than any other"emerging” perk, such as onsite medical clinics, subsidized egg freezing benefits or even paid sabbaticals. By Jena McGregor Jena McGregor Reporter covering leadership issues in the headlines Email Bio Follow March 28 Employees have a new favorite perk, and it’s not free craft-brewed beer, student loan repayment benefits or eco-friendly roof gardens at the office.
But whether they actually offer an “unlimited” policy or provide other ways for giving workers more time off, experts on work-life policies and organizational behavior say today’s always-on work environment makes the benefit that much more important. Yet the challenge for employers in choosing what benefits to offer is that while workers may say they want more time off, they don’t always choose it when faced with a decision.
Yet employees also tend to choose money over time, consistently choosing a higher salary over more time off when presented with a choice, Whillans said. She studied employee rewards programs where workers got to spend “points” on items ranging from cash bonuses, movies passes or a watch to time-saving rewards like a housekeeping service, Task Rabbit gift card or even the ability to leave early from work for a period of time. They only chose rewards that gave them more time in 6 percent of cases.
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