Benefits are an important component in attracting and retaining quality talent, but employers’ increasing efforts to appeal to the youngest workers may be for naught: just 52% of workers 18 to 30 say that benefits play a part in staying at that company.
That finding comes from the latest reading of an ongoing query by Comparably. The results come from more than 10,000 workers across the technology industry.
A breakdown by age
As expected, benefits become increasingly important with age. By the time workers are between 61 and 65, benefits are nearly 70% of the reason they stay at their companies.
The biggest increase in significance occurs when workers are in the 40-50 range (the rate jumps from 57% to 61%).
Appreciation increases with tenure
Workers with entry-level or 1-3 years experience were less inclined to stay at their companies for the benefits. Workers with 10 or more years of experience were most inclined to stay at their companies for the benefits.
From a department standpoint
Workers in administrative and communications roles were most likely to say that benefits play an important role in why they stay at their companies. Workers in sales and legal were least likely to say the same.
The latest reading is as of Sept. 26.
