Question

Significance of employee compensation in

Answer 1

In terms of recruitment, oftentimes the types of employee benefits that will matter the most have a lot to do with the generation of talent the company is trying to attract. The JobVite survey revealed that 52.8 percent of older workers (aged 45-54) would prefer a salary increase vs. 36.1 percent of younger workers (aged 25-34). Millennials, who tend to stay on a job 4 years or less, are more concerned with experiencing a good balance between life and work, and they prioritize such perks as tuition reimbursement, flexible work schedules, and free onsite wellness support.