53.87% Get Job Security as Public Sector Employee Benefits

Employee benefits are the most common form of positive reinforcement given to employees for better performance. Some consider higher salary as an employee benefit, others prefer full medical coverage as a good incentive. Moreover, all employees in society whether within the public or private sector, perform better if they are treated as an asset.

Accordingly, Real Research has launched a survey on what companies should give employees as benefits. In detail, it asked the respondents what benefits do employees want the most. Also, what type of private employee benefits are important. Furthermore, how do you think companies should give increments to their employees? Here are the results.

Highlights

• 78.63% of the respondents are from the private sector.
• 13.87% enjoy flexible work hours.
• 59.91% would like full medical coverage as an employee in the private sector.

8.44% Enjoy Fewer Working Hours as Public Sector Employees

To begin, the survey asked respondents what is their employment sector. In response, 78.63% said private sector, and 21.38% said public sector.

The next question asks about what employee benefits respondents enjoy in the public sector. Here, 53.87% say job security, and 8.44% say shorter work hours. Then, 6.20% say pension plan, 6.09% say free training, and 4.89% say fixed work hours.

Following this, the next question asks what employee benefits would employees like to see in the public sector? In answer, 48.82% chose higher salaries. In addition, 13.87% want flexible work hours while 13.07% want high yearly increments. Meanwhile, 4.64% want food and transport allowance while 3.96% want more annual and sick leave days.

Private Sector Employees Enjoy a Variety of Benefits and Bonuses

Moving further, the survey asks what benefits employees enjoy in the private sector. Here, 55.90% want full medical insurance while 10.33% want partial medical insurance. Adding on, 8.36% want commissions and 6.85% want yearly increments. Moreover, 4.19% want compensation and bonuses while 1.06% want extended leave days.

As well, the survey asks what employee benefits respondents would like to see as an employee in the private sector. In order, full medical coverage (59.91%), high yearly increments (14.54%), flexible work hours (9.00%), allowance for transport, fuel, and meals (7.27%), and commissions and yearly bonuses (7.70%).

68.41% Should Give Increments Based on Quality and Speed

Furthermore, another question asks, if given a chance, would you move to another company for better benefits? In response, a majority of 71.87% say ‘I go where the benefits are’. Specifically, 15.29% say ‘companies will see true loyalty when they provide real benefits’. In contrast, 11.93% say ‘I will put loyalty first, in the long run, companies value it’.

Next, the survey asks, how should a company give increments to their employees? In answer, 68.41% say based on work quality and speed. Meanwhile, 30.69% say based on years of service.

Lastly, the survey asks, if the company refuses to give you decent increments, which benefit will stop you from leaving the company? In reply, 48.87% chose ‘fully covered annual flight tickets’. Likewise, 25.10% say ‘high end of year bonus’, 13.51% say ‘monthly commissions’, and 9.49% say ‘fully covered health insurance’.