What benefits do people want? Bamboosh investigates
In recently published data by recruitment site CV-Library, it was revealed that during May the volume of advertised job vacancies rose by 17.7 percent, suggesting that across the UK businesses are feeling more confident and looking to grow significantly over the second quarter of the year. What benefits do people really want from their workplace? Bamboosh investigates.
While this is great news for the economy and job seekers, it poses a possible threat to businesses with an already established workforce, especially if they are failing to meet the needs of their workers. Professionals who feel underappreciated or believe there to be a lack of progression potential within their current roles are likely to take this as an opportunity to look elsewhere and find a new position that more accurately aligns with their professional goals.
Bamboosh, a fresh thinking sales and event marketing firm is warning that now is the time for companies to reassess the benefits they are offering to workers, to avoid top talent jumping ship. As such, the firm recently launched an investigation into what people look for in a workplace, and the benefits companies can offer that lead a more loyal workforce.
‘It makes complete sense for companies to provide benefits and new opportunities to their workforce, after all these are the people who show up every day and drive the results that keep a company afloat’ states a spokesperson from Bamboosh. ‘
Bamboosh discovered that when it comes to the reasoning behind offering benefits in the workplace, retention was the biggest factor, with 82 percent of companies revealing that providing benefits has helped them to build a more loyal workforce. The research, which came from The Benefits Research 2017 by employeebenefits.co.uk also showed that 80 percent of companies offer benefits because they support worker health and wellbeing, while 33 percent stated that they have a positive impact on promoting desirable behaviours in the workplace.
However, to get the most out of benefits, companies need to ensure they are offering their professionals something they actually want. Through their investigation, Bamboosh found the top two benefits most revered by today’s professionals.
Sitting in an office from 9 to 5 no longer appeals to professionals, and according to data from Forward Role Recruitment, 35 percent of workers they surveyed stated that flexible working opportunities would make them remain loyal to a business. Bamboosh offers its own force of professionals the opportunity to travel regularly, and get away from the office as much as possible.
Today’s millennial workforce is focused on progression, and research by Gallup has found that 87 percent of millennials consider job development to be essential to workplace satisfaction. Bamboosh has built its company values around upskilling opportunities and offers mentoring, networking and skills workshops to every member of its workforce to allow them to reach the next level.