Preparing for April Changes to Day-One Employment Rights
With significant changes to employment law on the horizon this year, we want to make sure all employers in our network feel prepared and supported. In partnership with leading employment…
Every year, Tiger Recruitment releases a Salary and Benefits Review. This year we collated the data from a survey of 1,836 UK-based employees across business support, private, HR, finance and accounting, and digital roles.
How the report can benefit your business
Setting competitive pay packages and perks is one of the most effective ways to enhance your talent retention and acquisition.
An independent salary review can help you spot gaps and opportunities for improvement. For example, our survey revealed that only 15% of employees are happy with their current benefits.
The report includes salary benchmarking, benefits preferences, and current work trends which will allow you to optimise your hiring and employment packages for 2024. Knowing what your employees and prospective jobseekers want will help you to plan a blueprint for making your organisation a more desirable, inclusive, and productive place to work.
Highlights of this year’s salary survey
Key insights from this year’s review include:
- Out of surveyed professionals, 40% plan on leaving their jobs next year
- When they do, 80% of these will be prioritising salary, followed by work-life balance and benefits
- Half of workers are considering second jobs or already have them, driven by the cost-of-living increases
- Professionals are keen to embrace AI and recognise its value to business
- Most people are unhappy with their benefits and almost half want better financial benefits
- Only 9% of people who intend to leave in the next 12 months are happy with their current benefits
Request your copy of the Salary and Benefits Review here.
We hope you find the report useful. If you have any questions, please get in touch.
