In companies working aggressively to recruit and retain employees (think Silicon Valley), you’ll find workplaces with a long list of perks. A break room fridge stocked with energy drinks is nothing without on-site chair massage, professional housecleaning services, and an employee concierge to pick up dry cleaning, groceries and run errands.
Yet the perk employees value most, according to McKinsey research and other studies, is flexibility in when and where they work, says Fast Company.
“A new study by career site FairyGodBoss shows that, after compensation, flexible hours trump every other factor when women are deciding on a job offer, regardless of their age or whether they have children. A recent study by McKinsey & Company finds that millennials of both genders are more likely to accept a job offer from a company that offers flexible work schedules.
“Yet what drives most company’s recruitment efforts is demonstrating that it’s a ‘cool’ or ‘fun’ place to work. Instead of investing in ways to innovate flexibility, many companies are still spending money on foosball tables, onsite yoga, and free food. ‘Flexibility will become the norm for employers who want to win the war on talent,’ says Joanna Barsh, director emerita for McKinsey & Company and author of Centered Leadership.
“Flexible work schedules don’t necessarily mean employees work from home every day. ‘Flexibility means I can control my time so I’m not stuck in meetings from 9 a.m. to 5 p.m., I know what work I need to do, and you will trust me to get it done,” says Romy Newman, cofounder of FairyGodBoss.’
Employees value jobs that support them in a high quality of life, and that means more than a paycheck. Does the job accommodate their life or is their life compromised by the job? Do they have the flexibility to manage family responsibilities, whether that means kids or aging parents? Are they doing work that makes them excited to get up and come to work in the morning? In short, does the job make their life better?
All that being said, there’s nothing wrong with a chair massage. Relaxing those tense shoulder muscles can also make life better. As can foosball.
Interesting in improving your recruiting and retention? Tribe can help.