Perks and benefits

As existing and prospective employees place high value on their overall working experience and personal wellbeing, perks and benefits can be equally important as salary for employees. As a result, companies are enhancing their perks and benefits to differentiate themselves from competitors.

of managers have had a candidate accept a job offer because of the benefits

of managers plan to increase benefits in 2023

Benefits for the future

To stay ahead of the curve, some employers are evaluating how they can offer benefits for the future of work.

The effects of the pandemic have inspired companies to offer more perks around flexibility and wellbeing, reflecting a shift in employee expectations.

Candidates demand a mix of flexibility, wellness initiatives, and career development opportunities to help them stay satisfied in their job and progress their career.

flexible work
options mental health
resources remote work
options extra paid
parental leave wellness
program training
allowance flexible work
options mental health
resources remote work
options extra paid
parental leave wellness
program training
allowance

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Providing mental wellbeing support

Offering salary increases

Introducing new salary sacrifice schemes

Offering one-off bonuses

How perks and benefits can help retain talent

“In a skills-short market, companies have traditionally focused on salaries to differentiate themselves and attract talent. But as priorities change across Australia’s workforce, businesses are seeing the opportunities to use sought-after perks and benefits as a way to attract top talent – especially smaller companies that are unable to match salaries offered by larger competitors. Perks and benefits like flexibility and hybrid working are also becoming increasingly recognised for their ability to address other business concerns that have plagued workforces in the past such as burnout, poor morale, and low staff engagement” – David Jones, Senior Managing Director, Asia Pacific

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Data referenced in this Salary Guide is based on an online survey developed by Robert Half and conducted by an independent research firm in November 2022, surveying 300 hiring managers from companies across Australia.