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DUBLIN, Calif., Aug. 29, 2018 (GLOBE NEWSWIRE) -- A survey1 released by TriNet (NYSE: TNET), a leading provider of HR services, found that 91% of respondents at small and medium size businesses (SMBs) view non-traditional benefits as an important2 aspect of their job satisfaction. According to the survey, non-traditional benefits include perks such as flexible work schedule, commuter benefits, unlimited paid time off, paid volunteer time, remote work options, etc. Approximately 3,000 survey respondents said that providing non-traditional benefits improves employee morale (85%), employee retention (82%) and company culture (73%)3.
Survey respondents represented various industries across the U.S. that TriNet serves, including technology, life sciences, nonprofit, financial services, professional services, and local and owner-operated businesses.
“With low unemployment and more jobs available than job seekers, it is an important time for companies to re-evaluate their incentive and benefit offerings to recruit and retain employees,” said Catherine Wragg, senior vice president of Human Resources at TriNet. “TriNet’s survey results highlight the importance of non-traditional benefits. It is no longer just about compensation, as employees also view time spent with family and friends—and pursuing other aspects of their life—as highly significant.” Wragg added, “Non-traditional benefits can help employers stand out by offering uncommon perks that can be meaningful to employees, positively impact company culture, and potentially help retain top talent.”
Findings from the TriNet survey include:
Workers want flexibility
Work-life balance is most frequently chosen as the most important non-traditional benefit category
Food and pets at work are popular offerings
Spotlight on nonprofit organizations and technology companies
Respondents within the age group 25-34 want non-traditional benefits
Traditional benefits still matter
TriNet is a leading provider of comprehensive human resources solutions for small and midsize businesses (SMBs). We enhance business productivity by enabling our clients to outsource their human resources (HR) function to one strategic partner, which allows them to focus on operating and growing their core business. Our HR solution includes services such as payroll processing, human capital consulting, employment law compliance and employee benefits, including health insurance, retirement plans and workers’ compensation insurance. Our services are delivered by our expert team of HR professionals and enabled by our cloud-based technology platform, which allows our clients and their employees to efficiently conduct transactions anytime, anywhere. For more information, please visit http://www.trinet.com.
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TriNet and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
1 Survey conducted by TriNet between May 14-21, with approximately 3,000 people responding. Respondents are all employees of TriNet clients.
2 Percentage referenced is representative of respondents who selected either “extremely important,” “important” or “somewhat important” as their answer.
3 Survey respondent selected more than one answer as their response.