Recruitment Market Segment LS
Recruitment Market Segment RS
Tuesday, 22 December 2015 11:04

Office workers want ‘extra days off’ but CFOs think different

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It turns out that employees want different perks than their employers think, with CFOs and financial directors having different expectations about their employees’ wish list.

Specialised recruitment firm Robert Half commissioned an independent, anonymous survey in September 2015 among 1,000 Australian office workers and in June 2015 among 300 Australian CFOs and finance directors.

The firm says that, with the holidays coming up, it is ‘a great opportunity for employers to look at their employees’ wish list for 2016,’ however’ the advantages employees want do not quite match employers’ expectations.’

When asking 1,000 Australian office workers which workplace perks – other than additional pay - they are most interested in receiving, 38% said more holidays, 32% preferred more flexible work hours and 16% said more professional development opportunities.

Australian CFOs and finance directors, however, appear to have a slightly different picture of their employees’ wish list. In a separate survey among 300 Australian CFOs and finance directors more flexible work hours (43%) edged out better benefits (33%) as most desired and merely 4% believes that employees prefer more training and development opportunities.

David Jones, Senior Managing Director of Robert Half Asia Pacific explained: “As the focus on employee recruitment and retention sharpens in a competitive market, many companies may be undervaluing a perk their employees want most.

“It’s vital that companies truly understand what perks are attractive to employees because it may come down to the difference on whether you attract and retain the best and the brightest in your team.”

“Companies can differentiate themselves by offering little extras, such as flexible working hours, home office and more holidays. Such benefits, which fit within work life balance, have gained in popularity in recent years, and companies are also increasingly taking measures to go with this trend, in part because they constitute an attractive alternative to salary increases,” said Jones.

Other than additional compensation, which one of the following would top your (employees’) wish list?

Details below, please read on. 

More holiday / annual leave
Office workers: 38%
CFO and finance directors: 33%

More flexible work hours
Office workers: 32%
CFO and finance directors: 43%

More training or professional development opportunities
Office workers: 16%
CFO and finance directors: 4%

Home office / telecommuting
Office workers: 11%
CFO and finance directors: 14%

Other corporate perks, such as childcare, laundry, ironing services, fitness centre
Office workers: 3%
CFO and finance directors: 6%

The firm also notes that ‘the interest in work life balance is also leading to concrete non-financial benefits that extend far beyond offering flexible working hours and options for home workers/remote workers. Other benefits, such as childcare facilities, laundry and ironing services, sports facilities and medical care, also fall in this category, even if only 3% of Australian office workers put this at the top of their wish list.’

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Alex Zaharov-Reutt

One of Australia’s best-known technology journalists and consumer tech experts, Alex has appeared in his capacity as technology expert on all of Australia’s free-to-air and pay TV networks on all the major news and current affairs programs, on commercial and public radio, and technology, lifestyle and reality TV shows. Visit Alex at Twitter here.

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