Workers’ perspectives on their jobs has changed significantly, according to WTW’s 2024 Global Benefits Attitudes Survey. Almost three-quarters (72%) of the 10,000 workers surveyed plan to stay in their jobs, which is in stark contrast to 2022, when 53% were looking to leave. In addition, fewer workers feel stuck in their jobs (25%, down from 35%) and fewer are open to new jobs (11%, down from 25%).
The top motivations to stay remain the same: pay (48%), job security (41%), and health benefits (36%).
Pay continues to be the primary driver for choosing employment. More than half (56%) said they would still consider another job for better pay, but they would need a 10% salary increase. Meanwhile, 40% would leave their employers for a better benefits package. A key component of a desirable benefits package is choice. Employees who have the most choice of benefits are most likely to say their benefits meet their needs (76%) and also to recommend their employer as a good place to work (78%).
“The war for talent is no longer just about pay; benefits matter, and the ability to choose those benefits is important for adapting to employees’ changing needs,” Cecile Chang, global growth leader, Health & Benefits, WTW, said in a press release. “Employers should invest in their employees’ long-term wellbeing and offer a sense of security through the benefit package. While they can’t control the world outside of work, they can support their employees through an inclusive and tailored benefits process.”
