In this "age of the employee," what does it take to make workers happy? Getting a decent paycheck still tops the list, according to Adecco USA's Best-in-Class Workforce Management Insights.
Adecco USA, in conjunction with Aberdeen Group, surveyed more than 500 C-Suite executives and found that 77% say that wages are the most important job factor for employees, beating out the No. 2 factor — health insurance — by nearly 28%. Less than half (49%) say health insurance offerings are most important, while 29% say offering 401(k) plans should top the list.
"Higher pay leads to higher retention," the study says. "In addition, when you factor in lost productivity, OSHA costs, the costs of recruiting and training new hires and more, it's also evident that the less you pay, the more you'll spend on turnover costs."
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
