According to the latest compensation and benefit survey by online portal TimesJobs.com, rising inflation and increasing cost of living has led employees to re-evaluate priorities on how they are compensated for their work. The survey indicates that most employees, across generations, prefer a higher ‘in-hand’ pay out compared to other components of the salary, TimesJobs said in a statement. According to the survey, 87% employees prefer a customised compensation structure, and organisations should take that into account while designing benefits. ‘In-hand’ salary matters more to the junior level employees than the ones at the mid and senior levels.
Read the Economic Times news report here.