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." 

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.

Credit Union Management