Perks & pay: for employees earning less than £30K.

What’s more important, perks or pay for employees earning less than £30,000 a year? 

If you keep your eye on the jobs news, you’ll spot a common theme. Researchers always want to know more about your working values and how these compare to each other. The perennial question tends to include ‘what matters more to you, your salary or your…!’ (As a case in point, we recently reported on the topic of company culture versus salary level.)

Today’s source specifically explores the parity of the work benefits package and salary for the ‘under £30,000 workforce’.

Perks or pay?

In this instance, the title suggests that they’re ‘just as important’ as each other – and many of the employees surveyed place more weight on other work-life benefits.

  • 45% of respondents are happier when offered learning and development opportunities
  • 36% value flexible working hours, including ‘leniency in start times and/or breaks’
  • 26% already enjoy non-typical work schedules
  • ‘Frequency of pay’ is briefly mentioned as an additional motivator
  • Candidates are also eager to source jobs local to home (27%)

The income issue:

This sample explores the ‘Hidden Heroes’ workforce: those who earn an average salary of £16,403. This comprises employees in multiple sectors and across a variety of working ages.

So, from the above findings, you may think this group just isn’t as reliant on their income. However, many of the respondents express financial concerns.

  • Over 1/3 are ‘unsure or worried’ about covering their general bills
  • While 72% do not think they’d be able to fund ‘a large unexpected’ payment
  • Alongside this, 54% of this employee group report feeling ‘underpaid’
  • Millennials most often relate to feeling ‘overqualified’ (45%) for their roles
  • And the hospitality and catering industries contain the greatest number of workers who feel overqualified (54%)

What this tells us…

Employers looking to attract candidates for openings of this salary level would be smart to explore their wider benefits packages. What else could be offered to motivate and incentivise employees? Small changes could prove invaluable to professionals.

Naturally, extending benefit schemes across the entire workforce helps companies to maintain a competitive advantage.

For further recruitment advice, please call the office on 01225 313130. 



What’s most important right now?

What’s most important to you – your job and salary or your social and love life? 

It appears that most British employees select the former, prioritising their work and income ahead of their relationships.

Looking at the stats…

  • 54.7% of British people say their work life is most important right now.
  • 13.8% of respondents prioritise their social group.
  • And only 12.3% place their love life above all else.

Sadly, despite this focus, only 17.2% of employees are in their ‘dream job’. In fact, very few people have achieved their broader goals. You’ll find more stats regarding this here.

Really considering what’s most important…

A few questions come to mind as a result of these findings:

  • If you’re among the 54.7% that prioritise their work life, what is it that you’re specifically aiming to achieve? Is there a set role, salary or path that you’re working towards? Of course, it could be the case that you simply derive more enjoyment from your work life than other aspects of your lifestyle at this time.
  • Whatever your goals and priorities, consider whether your current (or most recent) job sets you on the right track to achieve them. There might be another job role that gets you closer to your aims.
  • Do you know what’s needed to get the job you want? Keep looking at job specs to see what employers are looking for. Also, let your Recruitment Consultant know your priorities and what you’re working towards.

Never forget the value of being a ‘well-rounded’ candidate. Employers are impressed by those that can bring additional skills to their team. The ability to forge effective relationships is a powerful attribute.

Where possible, work towards a blend of both – a positive work focus alongside a healthy social life. Your priorities will naturally shift at different points in your career; you’ll also need to find the right blend for your needs and personality.

Visit our jobs page to get a better idea of what local employers are looking for.