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Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the...

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Page 1: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours
Page 2: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Introductions

Carrie Desmond, PESenior Engineer

WSP USAMinneapolis, MN

Matthew HibbardSocial Media Communications Manager

Bi-State DevelopmentSt. Louis, MO

Caitlin D’Alton, AICPSenior PlannerCapital Metro

Austin, TX

Page 3: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Agenda

1. Project Objective2. Research Method3. Key Findings4. Best Practices5. Toolbox

Page 4: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Setting the Stage

Born in the 1940sAttentive, passive and

respect voices of authority

Born in the 1950sOccasionally

questioning but open to being convinced

Born in the 1960sEither suckers or

skeptics

Page 5: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

A Shifting Landscape

Born in the 1940sAttentive, passive and

respect voices of authority

Born in the 1970sLooking for simple

narratives

Born in the 1980sRestless

Born in the 1990sAnywhere, anytime –

more likely on a mobile device

Page 6: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

What’s at Stake?

Yes, 26%

No, 74%

Have you ever left a company and taken a job elsewhere because of benefits offered?

Page 7: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Pile on the Perks

Page 8: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Methodology

11

286

Feb. 26 - Mar. 16

Respondents

Questions

Page 9: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Transportation32%

Public Transit

56%

Other 12%

INDUSTRY

Female53%

Male45%

Prefer not to answer

2%

GENDER

Gen X 1965-197928%Millennials

1980-199459%

Baby Boomers 1946-1964

13%

GENERATION

Public52%

Private27%

Non Profit12%

Non-Transportation

Industry9%

TRANSPORTATION SECTOR

Page 10: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

You Don’t Need to Break the Bank

After health insurance, employees placed the

highest value on benefits that are

relatively low-cost to employers: flexible

hours and paid time off.

Page 11: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

If It Works, Keep Doing It

The top-3 benefits respondents wished their

employer offered were wellness/fitness benefits, teleworking options and

parental leave.

Wellness and Fitness

Parental Leave

Teleworking

Page 12: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Our Industry Is Not Unique

Page 13: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Professional Development

Bonus Structure

PTO

Sabbatical

Childcare

Stock Options

Paid Volunteer Time

Ergonomic Workstations

Page 14: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Steps to Take Today!

Recognition Relaxed Dress Code

Volunteer Activities

Break Room Amenities

Page 15: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Steps to Consider Next Fiscal Year

• Ergonomic Workstations

• Teleworking

• Flexible Schedules

• Privacy Rooms

Page 16: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Long Range Opportunities

Parental Leave

Childcare

PTO

Healthcare

Bonus

Wellness

Professional Development

Sabbatical

Page 17: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Vacancy Costs

• Team Burden• Recruitment• Resume Reviews• Interviews• Pre-Hire Preparation• Onboarding• Training

50% – 150%Annual Salary

Page 18: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Where Do You Want to Invest?

RecruitmentRetention

Page 19: Introductions...You Don’t Need to Break the Bank After health insurance, employees placed the highest value on benefits that are relatively low-cost to employers: flexible hours

Questions?

Carrie Desmond, PESenior Engineer

[email protected]

Matthew HibbardSocial Media Communications Manager

[email protected]

Caitlin D’Alton, AICPSenior Planner

caitlin.d'[email protected]

Final Report Available Upon Request


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