Unhappy workers want better benefits

Posted on Oct 26 2016 - 9:48am by Tayla Ansell
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Around 6.5 million UK workers (30%) would not describe themselves as happy at work and would move jobs for better benefits, according to new research from Perkbox, an employee benefits and perks platform.

Perkbox co-founders Saurav Chopra and Chieu Cao

Perkbox co-founders Chieu Cao and Saurav Chopra

Over two thirds (69%) of UK workers rate company perks and benefits as important to their overall satisfaction and more than a quarter (26%) rate lack of reward and recognition for good work as their number one grievance at work.

Younger workers are more likely to be motivated by company perks and benefits than the older generation, with 78% of 18 – 24 year olds versus 58% of 55 – 64 year olds saying that perks and benefits are either important or very important to their overall satisfaction at work.

The majority of 18 – 24 year olds (84%) and 25 – 34 year olds (78%) say they would be more likely to stay with their current employer if they were to implement better employee benefits, demonstrating the importance of rewards beyond salaries to the Millennial Generation.

In London, nearly half (48%) of workers would be likely to switch to a job that offered better benefits.

Perkbox, which has 300,000 subscribers using the platform, tripled sales last year. After seeing the appetite for the scheme in the UK, Perkbox is seeking to raise funding for expansion on equity crowdfunding platform, Seedrs, so the company can transform unhappy workplaces stateside and across Europe.

www.seedrs.com/perkbox

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