A new report by Adecco USA uncovers how employers are experimenting with ways to attract and keep skilled workers happy, with the C-suite considering pay the most important factor.
According to the report, Best in Class Workforce Management Insights, 77 percent of 500 U.S. executives surveyed for the report consider pay to be the top concern when it comes to attracting and retaining workers.
“In this candidate-driven market, the burden is on employers to offer compelling reasons for candidates to join and remain with their organizations. Right now, part of the conversation is centering around wages,” said Joyce Russell, president, Adecco USA.
“While fair pay is a key driver in securing today’s workforce, employers must also make predictions and be nimble in adopting new solutions as the meaning of ‘Best-in-Class’ continues to evolve,” Russell added.
Among the other findings in the report:
- 77 percent of executives believe pay is the most important factor to employees.
- More than half of respondents offer health insurance and 401(k) packages to salaried employees, and 40 percent say they now also offer “softer” benefits, like flexible schedules.
- 47 percent of employers do not prioritize hard or soft skills over the other when vetting a job candidate, and they weigh a candidate’s happiness as early as the interviewing phase.
- Less than half of employers are offering education courses to their employees, but 61 percent believe mentorships are of importance in determining employee happiness.
You can download the full report here.