Photo: Graf Vishenka/Adobe stock

Workplace benefits play a crucial role in employee retention – while perks such as a gym discount or entertainment can be attractive, our research shows that most employees would prefer financial benefits such as a robust 401(k) offering or company stock plan, according to the Morgan Stanley at Work "State of the Workplace Financial Benefits Study." This may be partly why equity compensation continues to grow in popularity, with three in four HR leaders (76%) reporting that their companies are offering some form of equity compensation – up four percentage points year-over-year, and 11% since 2021.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.