News: Employees prefer higher take home salary over other benefits

Compensation & Benefits

Employees prefer higher take home salary over other benefits

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.

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.

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Topics: Compensation & Benefits, #TotalRewards, #Trends, #National

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