Employee Benefits U.S. Cities
Information on five of the most wanted employee benefits in San Francisco and Los Angeles specifically is unavailable in the public domain. Therefore, five of the most sought after employee benefits in the United States have been presented, which includes health insurance, flexible working hours, retirement benefits, more vacation time, and work-from-home options.
- Health insurance remains the most valued benefit of job seekers in the United States, as listed in a report from Harvard Business Review. About 54% of the respondents to a survey would give health insurance ‘heavy consideration,’ while 34% of them would give it ‘some consideration.’
- Another survey from the National Institute on Retirement Security (NIRS) revealed that around 78% of workers considered that health insurance is a feature that guarantees job satisfaction.
- Also, a survey from Robert Half showed that around 81% of businesses offer health insurance.
- Flexible working hours (88%) are the second most valued benefit of job seekers, according to the Harvard Bussiness Review report.
- A survey by IWG revealed that over one-third of workers in the United States consider job flexibility to be of more value than an esteemed title.
- Also, 73% of respondents to the NIRS survey considered retirement benefits to be a job feature that offers job satisfaction.
- Meanwhile, a survey from Monster identified retirement benefits as the most essential benefit for employees (57%) in the U.S. However, it is regarded as the most important benefit for 64% of employees aged 55-65 and 49% for those aged 18-24.
- According to the Robert Half report, retirement plans are one of the most sought after benefits.
4. More Vacation Time
- About 80% of survey respondents claimed they would give some or heavy consideration to a job offering more vacation time.
5. Work-From-Home Option s
- Additionally, 80% of survey respondents said they would give some or heavy consideration to a job offering work-from-home options.
For this request, we first searched for research publications from job aggregators in the United States such Glassdoor, Monster, Indeed, among others. We aimed to find reports from these sites specific to benefits that are considered most wanted by employees in the cities of San Francisco and Los Angeles, but no relevant information was available. Instead, the information we found concerned the retirement expectations of employees, threats to current jobs, and the job search outlook of employees in the United States. We hoped that this strategy would work as these websites are some of the top job sites where current and former employees review companies and could have published relevant information.
Next, we searched for academic research papers published on this topic on sites like Wharton, Academia, Harvard Business Review, etc. This strategy worked to an extent as we found information on the most desirable employee benefits in the United States in a report from Harvard Business Review, which is a general management magazine published by Harvard University. However, there was no exclusive information for San Francisco and Los Angeles. We looked into these sites as they provide various studies that include surveys of a sample population.
Finally, we explored through publications and articles published by popular recruitment agencies in Los Angeles and San Francisco such as Robert Half, The Jiles Group, Insight Recruiting, Maven, ABA Search, and others. We also searched through articles and publications by top HR consulting firms such as Oliver Wyman, McKinsey & Company, Deloitte Consulting, etc. We hoped to find articles containing an analysis from experts that were specific to the most wanted benefits by employees in these cities, but no relevant information was available.
After an exhaustive search, data specific to San Francisco and Los Angeles was not available, and therefore, we provided information that applied to employees all over the United States.