British Businesses That Offer 25 Days Holiday Are More Likely to Attract Talent
Holiday allowance beats childcare vouchers and generous pension contributions as most valued benefit by UK employees
UK businesses which offer 25 days holiday are viewed as more appealing to potential employees than businesses which offer pension contributions above the statutory limit or childcare vouchers, according to Hays UK Salary & Recruiting Trends 2015 Survey.
Holiday allowance was named as the most valued benefit by 66% of British employees, followed by statutory pension contribution (23%), financial support for studies (11%), health insurance or private medical cover (8%), and company car or car allowance (8%).
The survey also asked workers to name the other perks offered to them by their employer. Free or subsidised food and drinks was the most common perk provided by businesses, above paid-for social activities and additional days off for birthdays or excellent performance.
Barney Ely, director at Hays Human Resources, said:
“As many people’s thoughts turn to their summer holidays, our findings show that employees value their holiday entitlement above all other benefits when looking for a new job.
“With competition for staff the strongest it has been for some time, employers and HR teams should make sure that they do all they can to emphasise how valuable the other benefits they have to offer are, to avoid losing out to competitors offering more generous holiday allowances.”