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The benefit that employees want most after a good salary is the one many companies are eliminating.
Workplace flexibility in hours and location topped employees’ list of most desired benefits after a good salary, with 65% of workers surveyed by the Conference Board rating it in their top five desired perks. The data was released Tuesday at the organization’s People 2030: Our Talent, Our in Future conference. Incentive pay, such as bonuses and commissions, was second, with 64% of the roughly 1,500 respondents selecting it. Generous paid time off, retirement plans, and flexible, affordable health plans rounded out the top five.
The study comes after Amazon’s blockbuster announcement last month that it was ending its hybrid work policy and ordering employees back to the office five days a week starting next year. The decree sparked outrage among some employees and discussions about whether other strict corporate mandates would follow. That hasn’t happened, though other Fortune 500 companies like Goldman Sachs and JPMorgan Chase already have such mandates. Earlier this month, 3M said that managers would have to report to the office at least three days a week.
Despite all the speculation about five-day RTO mandates, research by the Conference Board found that 56% of companies are either hybrid or fully remote, while 44% of organizations require employees to be onsite.