College and university students in the UK have a lot on their minds when it comes to finding employment after graduation. With the current state of the economy, many graduates are worried about finding a job that will allow them to stay afloat financially.
With the cost of living on the rise, it’s no wonder that so many students are looking for jobs that will help them cover their expenses. However, workplace benefit survey data shows that students are also looking for more than just a paycheck.
One of the most important workplace benefits for 18-24-year-olds was enhanced leave. It means that businesses need to focus on enhancing their leave policies if they want to attract prospective employees. By offering enhanced leave, businesses show that they value their employees’ time off. This is a great way to attract top talent to your company.
Which other workplace benefits are important for all employees of all ages? Let’s assess them.
Health Insurance
Costs for a private health insurance policy in the UK average £1,032.84 per year (February 2022); costs will vary with age and amount of coverage. 30-year-olds would pay an average of £581.64 per year, and 60-year-olds £1,354.80.
With the rising cost of healthcare, it’s no wonder that so many employees are looking for jobs that offer health insurance. This is an important benefit for businesses to offer, as it shows that they are committed to their employees’ health and wellbeing.
Flexible Working Arrangements
The COVID-19 outbreak has changed the way we work and has made remote work the new normal, so it won’t be a surprise to hear that is why many employees want to find jobs with remote working availability.
With the rise of technology, there are more opportunities than ever before to work remotely. Many businesses are offering their employees the ability to work from home or have flexible hours.
Transport Benefits
In the UK, the cost of public transport is rising. Since November 2021, when the inflation rate climbed to 12.5%, transportation services have had a high inflation rate of 13.5%. This increase is likely because of the rise in fuel prices and the general cost of living.
With the rising cost of public transport, employees might look for jobs that offer transport benefits. This could include things like a free or discounted monthly train pass, a company car, or a travel allowance.
By offering these types of benefits, businesses show that they are willing to help their employees with the cost of transportation.
Conclusion
There may be different scenarios as time changes, but it is important to offer appealing benefits to recent graduates, as well as employees of other age demographics.
Doing so will show that companies are invested in their employees. Investing in the welfare of employees through various employee benefits packages will go a long way in helping keep the best employees at the company,
