When thinking about hiring your next employee, young candidates tend to be more attractive to businesses for several reasons. For example, the minimum wage is lower and there can be more opportunities for training and development. Job perks, such as laptops, company cars and in-house benefits, can help to attract younger people.
How job perks can help
Since the pandemic and lockdowns, people have been re-evaluating their work-life balance. For some, a decent salary is simply not the only answer for total job satisfaction. Many want other benefits to keep them motivated and happy to stay within the same company. A business will benefit most when its employees are happy and motivated.
Perks of the job can vary wildly between companies and are something that all potential employees will take note of before applying for an open position. Generally, perks are initiated to either promote motivation or take care of employees.
Examples of some perks
Perks come in many forms. If your workplace requires it, a company car is a great way to encourage pride in a job. Depending on the brand you offer, you may want to have gap insurance as this will help protect against losses in the event of an accident. Let’s say you offer an Alfa Romeo, it would then be wise to have an Alfa Romeo gap insurance on it. However, some young people have not yet learned to drive. One perk you could offer is support with their lessons while providing learner driver insurance.
A more traditional benefit that has been popular in recent years is flexible working. More and more companies are offering flexible hours. This may come in the form of workers choosing their hours as long as they do a certain amount per day or being able to build up a bank of overtime which can then be exchanged for days off in addition to their normal paid annual leave.
If you are looking to boost the wellness of your employees, a subsidised gym membership is a positive choice. If employees have the option to work out for a cheaper price, many will take up the opportunity. This in turn leads to happier employees as exercising promotes healthier lifestyles.
The outlook of the UK job market
One trend that appears to be here to stay in 2023 is remote working. Since the start of the pandemic, jobs offering remote positions have risen by 274% while searches for those positions rose by 674%. Remote working is seen as a benefit by many candidates, especially younger people as it allows an easier transition into home life at the end of the day.
There is also predicted to be a slight rise in unemployment, but that figure is still lower than in previous years. That is why it is more important than ever to make sure your company offers as many different attractive options when it comes to hiring the best candidates.