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Home » Workplace Finance

What is your Favorite Employee Benefit? Take the Poll!

Last updated by on 9 Comments

Twenty-somethings are a hard to please bunch. After all, many of us are fresh out of school, where just about everything was taken care of (ok, maybe just the lucky ones with generous parents). The harsh reality in this economy is that many employers are cutting back on benefits, pay, and even people.

On a November 25th (before the worst of the recession) employer benefit cut poll, a whopping 705 of you weighed in on what your employer was cutting back on. Here are the results:  employer_cut_benefitsemployee benefits

Unfortunately, your co-workers, or possibly you took the brunt of the cutbacks, with 401k’s and bonuses not far behind. These results lead in to another interesting question:

What is your favorite employee benefit and why? (salary and wages excluded).

Take the poll below and comment as to what benefit really keeps you going the most, and why. Who knows, maybe you can use the poll results as a case study to provide to your HR department if you’re not getting (or will be losing) the benefit that you love the most.

What is your Favorite Employee Benefit?

View Results

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I am G.E. Miller, & this is my story. My goal is financial independence ASAP. If you share that goal, join me & 7,500+ others by getting FREE email updates. You'll also find every post by category & every post in order.


9 Comments »
  • David says:

    My favourite benefit is may salary sacrifice car but there is no option to choose car in your poll.

    Regards
    David

  • Slim says:

    Great question. I’d have to rank 401k match first, because it’s a real nice match. Bonuses second. Insurance third.

  • Georgie says:

    I would have chosen vacation, had it been on here.

  • MostlyHarmless says:

    Thanks to the stupid recession, no Bonuses, or salary increases this year, so thats out. There is Education Reimbursement, but I do not need to use it. Privately owned company, so no stock options. Insurance… we do have nice insurance I believe (not having compared other corporate plans). Have not had to navigate those waters, so in all honesty, I cannot really comment. 401K match is nice, but could have been a bit higher. My manager and co-workers on the other hand are very awesome. They are all vastly experienced (the next lowest experienced person after me still has 17 more years of experience than me). And I have a really nice manager who understands things from my point of view and recognizes when the work assigned to me is difficult and makes allowance for the learning curve. From what I have heard, thats a rarity.

    So yeah, the best benefit I have – by far – is my coworkers.

  • Julie says:

    Am I the only one who this this sentence doesn’t make sense?

    “the next lowest experienced person after me still has 17 more years of experience than me”

    Someone with LESS experience than you has MORE experience than you? Would this make you slow?

  • G.E. Miller says:

    @ Georgie – Ah, don’t know how I missed paid time off. Just added it to the poll and put in a vote for you.

  • Georgie says:

    Hooray! Thanks, G.E.!

  • KJ says:

    After getting laid off from a small company in a city that only offers COBRA for 3 months if your company was 19 people or less, I’d have to say health insurance is the number one for me. After that, 401k match motivates me.

  • Yogi says:

    @Julie:

    I think he meant the next lowest experienced person after him (as in more experienced than him but lowest experienced after him) is still 17 yrs more experienced. Makes perfect sense thought it sounds a bit strange to me that there is nobody in the company besides this guy in this 20s.

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