While salary is often the most important factor job seekers consider when deciding where to work, benefits packages are consistently underestimated and often misunderstood. To help job seekers understand if the ‘grass really is greener’ on the other side, Glassdoor, the leading jobs and career community, has announced its newest feature, Benefits Reviews, making it easier to compare benefits packages and perks. Benefits Reviews allow job seekers to better understand which company is the right fit, based on their specific needs. The reviews are gathered using anonymous surveys that employees complete on Glassdoor in which they rate and review all aspects of their benefits package. Glassdoor now brings transparency to benefits packages and perks, the same way it has to company culture, salaries and the interview process.
“Job seekers are already evaluating and comparing job offers, but with very little information on what a benefits package really entails or whether it meets the needs of employees. We’re proud to break down this information barrier, and in turn, help job seekers make more informed career decisions,” said Allyson Willoughby, Glassdoor senior vice president of people and general counsel. “Benefits and perks carry both personal and monetary value, and can greatly impact an employee’s satisfaction with their company. By unlocking information about benefits from those in the know, we believe it will also lead to improved recruitment and employee retention rates.”
Through Glassdoor’s free online benefits review survey, employees are asked to rate how satisfied they are with their employer’s overall benefits package and describe the best and worst aspects of the benefits package. Plus employees are asked to indicate what benefits and perks their employer specifically offers, including:
- Health and wellness (e.g. health and dental insurance)
- Financial planning and retirement (e.g. pension plans, Sharesave schemes)
- Family and parenting (e.g. childcare vouchers)
- Annual leave and time off (e.g. holiday pay, sabbaticals)
- Various perks (e.g. free lunches, company car, employee discounts).
In addition, employees are encouraged to rate and review each specific benefit or perk their employer offers – there are more than 40 benefits and perks employees can review. The survey also asks employees to provide their employment status (e.g. full-time, part-time, contract, seasonal), whether they are a current or former employee and their job title and location.
Employers are also encouraged to share insights on the benefits packages they offer through their Glassdoor Employer Profile . The profile gives employers the opportunity to share details about what their benefits package includes and verify which benefits and perks their company offers (Learn more about the Glassdoor benefits feature for employers). The complete benefits feature on Glassdoor allows job seekers to not only see what employees have to say about company specific benefits packages, but also gather valuable information from employers.