Beyond the Paycheck: Employees Eye Long-Term Security

A new report reveals a significant shift in workforce priorities, with 74 percent of employees preferring long-term benefits over higher salaries. As cost-of-living pressures mount, workers are increasingly valuing financial security through health insurance, retirement planning, and education support rather than immediate pay hikes.  

 

The study, conducted by Genius Consultants, surveyed 1,139 employees across various sectors in India. It found that only 32 percent of respondents felt their current benefits package adequately supported their financial well-being, while 61 percent deemed their benefits insufficient.  

 

Flexible work arrangements emerged as a key factor in financial stability, with 84 percent of employees stating that hybrid or remote work options help them manage expenses more effectively. Additionally, 73 percent expressed a strong preference for performance-based bonuses and incentives, highlighting a growing demand for variable compensation models that reward individual contributions.  

 

Experts suggest that companies must rethink their compensation strategies, recognizing that financial well-being extends beyond take-home salaries. Sustainable, future-focused benefits are no longer just an HR function but a crucial investment in employee loyalty, productivity, and long-term growth.  

 

Sources: Economic Times, Business Standard, Deccan Herald, Genius Consultants Report, MSN News