Looking for a Tech Job? Make Sure Employers Offer This Key Benefit
Employers have always offered benefits to attract and retain the best talent, especially during tough economic times, such as the Great Depression of 1929. The current two-pronged challenge of COVID-19 and the Great Resignation has employers again looking to their benefits packages to keep their top employees, especially for tech jobs. If you're in the market for that kind of gig, one of the more attractive new benefits you should make sure prospective employers offer is financial wellness.
Many employers think medical plans and retirement packages are all the financial help they need to provide. But the pandemic's fallout has the best employers adding new services. From the employer's point of view, the rationale is straightforward: Hiring new talent and keeping what they have means taking better care them. But according to an October 2021 benefits research study by the Employee Benefits Research Institute (EBRI), employers are also more concerned with their employees' overall well-being. Like big mother hens who write you a paycheck every couple of weeks. According to those numbers, the amount of employers who care usually hovers at around 25%. But the pandemic now has 34% of employers saying they'd rate their level of employee concern at 9 points out of 10. That's a lot of mothering.
There are less parental motivations, too. According to the EBRI study, the main driver behind financial wellness programs is overall employee satisfaction, which directly impacts new hiring, too. For current hires, employers are mainly looking to increase productivity (32%) and decrease financial stress (28%).
That last one is growing in importance. Another study from PwC that surveyed 1,600 full-time US employees found that 63%
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