Some of the more interesting observations from the survey include the following:
- One in three Canadian workers is seriously considering leaving his job—as such, employers may face a loss of valued talent as the economy and job market improves.
- One in five Canadian workers is disaffected—she is committed to neither staying nor leaving the organization.
- Base pay is at the top of 13 elements that employees value, but only 58% of survey respondents believe they are paid fairly.
- Employee benefits rank in the lowest third of the most valued elements of the employment deal. In addition to base pay, factors such as retirement/savings, type of work, respect for the organization and incentive compensation are valued more than benefits.
Employee benefits do not drive employee engagement. It pains me to say these words, but the conclusion in itself is not startling—most of us in this business know that cash is king. However, admitting that benefits are not front and centre in the war for talent does not mean benefits are unimportant. A benefits plan has become the price of entry—you need to have a plan in place just to play the game.
Read the full story: http://www.benefitscanada.com/benefits/other/employee-engagement-do-employee-benefits-make-a-difference-18960