Do Benefits Matter as Much as They Used to?

Five years ago, job candidates used to say benefits were the number one thing that attracted them to a job, according to recent research. Today, the most important thing is culture.

In a similar vein, just 57% of people say benefits play a part in their staying at a company, according to the latest reading of an ongoing query by Comparably. More than 10,000 people across the tech industry responded to the query.

No significant difference from a gender perspective.

The rate was 56% of men and 57% of women.

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Interest ticks up with age

As expected, those approaching the later era of their careers are more focused on benefits than those in the early parts of their career.

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Experience matters

Work experience seemed to play a minor role in whether benefits matter to a person: 58% of those with 10 years’ or more experience say benefits play a part in why they stay at a company vs. 53% of those with 1-3 years’ experience.

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Communications most swayed by benefits; executives least swayed

People in communications, admin, customer support, and HR had the highest rates of saying benefits play a part in why they stay at a company. Workers in executive roles had the lowest rates of saying the same.

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The latest reading is as of Jan. 29.

 

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