Report: Employees Seek Better Benefits, But Don’t Maximize Them
They drive employment negotiations and then go unused
When it comes to a good gig, money isn’t everything. Especially when there are benefits involved, too.
A recent survey from the American Institute of CPAs (AICPA) lays out how many Americans see improved benefits (rather than an increase in salary) as a driving factor for switching to a new position. Which makes sense when you break it down, because benefits represent nearly a third of salary (31.7 percent), according to the Bureau of Labor Statistics.
In the AICPA 2018 Employee Benefit Report, conducted for the association by The Harris Poll, respondents were asked to decide between two job offers: one with a full benefits package, including insurance, a 401(k) plan, and two weeks of paid vacation; and the other with 30 percent higher salary but no additional perks. Respondents, overwhelmingly, by a rate of 4 to 1, went for the job with benefits.
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