Does your employer offer you work perks, such as a company car or free food? Would you be willing to take a pay cut to receive these benefits?
That’s what we asked 2,000 UK employees to find out more about their attitude towards perks in the workplace. Our survey revealed that 25% of working Brits would be willing to accept a lower salary in return for better ‘work perks’.
Employment bonuses, such as a company car or free food, have become increasingly popular over the last few years, which explains why 55% of UK workplaces currently offer work perks.
Workers in Wales were the most likely to accept a lower salary with almost a third saying they would accept a position for less money if it had better perks.
Our survey also revealed that the most common perks offered are flexitime (51%), financial bonuses (50%), free food (32%), gadgets such as company phones and tablets (21%) and company cars (11%).
Some companies across the country offer more unique benefits to their staff. Respondents claimed that their company offer perks such as duvet days and counselling, while others receive massages and holidays to the cost of £450 each year.
When asked what perks employees would like, freebies such as Netflix subscriptions and event tickets came out top (42%), followed by free trips (37%), shopping discounts (35%), gym memberships (28%) and on-site facilities such as a gym or a crèche (25%).
Shockingly, while 35% of people agreed they’d like to receive shopping discounts as a work perk, just 15% of those surveyed said they’d prefer to receive a better maternity/paternity package.
Despite the popularity of work perks, 16% of those surveyed said that they didn’t want any additional employment benefits, with one respondent stating that they felt the cost of additional benefits would catch up with them in other areas.
There has been a culture shift in UK businesses over the last few years as companies shift their focus from attracting new talent, to retaining current staff. In fact, a survey by Recruitment and Employment Confederation (REC) shows that 47% of businesses operating in the UK have awarded pay rises over the last 12 months to encourage their employees to stay.
However, the data from our latest survey has shown that a quarter of employed Brits would rather take a pay cut and receive work perks, which shows how important increasing staff morale can be to a business.
In terms of geography, our survey revealed that London businesses offer their staff the most perks, with 60.55% of those employed in the capital receiving benefits. The East Midlands was revealed as the region offering its employees the least work perks.
Despite this, the data shows that those working in the East Midlands have the highest level of job satisfaction, with almost half of respondents citing a job fulfilment of 80%, compared to a national average of 65%.