ZW HR Consulting, a Chinese mid-senior level staffing solutions and talent management services provider has published a report on employees’ most desirable employee benefits in China which found that the majority of HR professionals stated that their employees would prefer health and insurance benefits, followed closely by flexible working arrangements and increased annual leave.
The survey findings have been drawn from the views of HR professionals from more than 1,500 organizations in China.
ZW HR’s survey also shows that many workplace benefits, if included as part of the employee payment package, can be an effective way to boost both engagement and retention.
Aside from health insurance, flexible working arrangements and increased annual leave, the survey also highlights the Chinese workforce are continuing to move away from being focused purely on the economic benefits an employer offers. Training and appraisal, car allowances, travel allowances, child care allowance and gym membership are other workplace benefits are some of the desirable benefits that employees look for.
“To help businesses attract and retain good staff and ensure they get the best out of them, it is essential that organisations make employees feel they are receiving something in return and are valued by their employer,” Frank Yu, Chairman for ZW HR Consulting said. “A competitive employee benefits package helps a business’s reputation, attracts the best talent and produces results.”
“As per our survey, benefits such as health care and employee training programs are offered to employees at a much better level compared to how they were a few years ago. However, employees in China are looking forward to new and innovative benefits that are cost-effective and best fit their workforce in 2017,” Yu said.