Four in Five Employees Prefer Beneﬁts or Perks to a Pay Raise

New SCORE infographic shows how benefits attract and retain small business employees

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Jun 21, 2018, 12:28 ET

WASHINGTON, June 21, 2018 /PRNewswire-USNewswire/ -- Four in five employees prefer beneﬁts or perks to a pay raise, according to new statistics gathered by SCORE, the nation's largest network of volunteer, expert business mentors. Employee perks are growing in popularity for both employees and employers. Perks are privileges granted to employees in addition to their salaries and benefits, which have little to no cash value. 42% of full-time employees reported having no employee perks at all.

Percentage of employees who considered the following perks when choosing a job:

Four in five employees prefer beneﬁts or perks to a pay raise, according to new statistics gathered by SCORE, the nation’s largest network of volunteer, expert business mentors. Employee perks are growing in popularity for both employees and employers. Perks are privileges granted to employees in addition to their salaries and benefits, which have little to no cash value. 42% of full-time employees reported having no employee perks at all.

Flexible hours: 88%
More vacation time: 80%
Work-from-home options: 80%
Student loan assistance: 48%
Paid maternity/paternity leave: 42%
Free gym membership: 39%
Free snacks: 32%
Weekly free outings: 24%

How perks contribute to employee satisfaction:

Better quality of life: 53%
Employees feel valued: 49%
Improved physical/mental health: 44%

Most common employee perks:

Flexible working hours: 32%
Professional development: 28%
Fitness/health perks: 19%
Food/snacks: 19%
Working from home: 14%

Download this infographic for more information on how perks and benefits can help small businesses to attract and retain talented employees.

About SCORE

Since 1964, SCORE has helped more than 11 million aspiring entrepreneurs. Each year, SCORE's 10,000 volunteer business experts provide 450,000+ free small business mentoring sessions, workshops and educational services to clients in 300 chapters nationwide. In 2017, SCORE volunteers provided 3.6 million hours to help create 54,506 small businesses and 61,534 non-owner jobs.

For more information about starting or operating a small business, visit SCORE at www.score.org. Follow @SCOREMentors on Facebook, Instagram and Twitter for the latest small business news and updates.

Contact Information

Betsy Dougert
800-634-0245
[email protected]

SOURCE SCORE