Employers offer training, flexible schedules, mentoring to attract, retain staff

Companies concerned about keeping their top performers and attracting new ones this year might be sweetening the pot with non-monetary benefits, according to a recent survey by Menlo Park, CA-based Accountemps.

When chief financial officers (CFOs) were asked about the perks they plan to offer or are already offering, subsidized training and education topped the list (29 percent), followed by flexible schedules or telecommuting (24 percent) and mentoring programs (24 percent).
 
"On the heels of the recession, perks are a cost-effective way employers can reward and retain staff and attract new employees," said Max Messmer, chairman of Accountemps and author of Human Resources Kit for Dummies. "The most popular incentives are those that aid in career development and give employees some control over their work schedules."
 
CFOs were asked, "What perks, if any, is your company offering or planning to offer in 2011 in an effort to attract and retain employees?" (Multiple responses were allowed.)
 
  • Subsidized training/education – 29%
  • Flexible work hours or telecommuting – 24%
  • Mentoring programs – 24%
  • Matching gift programs – 13%
  • Free or subsidized lunch or snacks – 11%
  • On-site perks such as childcare, dry cleaning, fitness center, cafeteria – 11%
  • Subsidized transportation – 10%
  • Subsidized gym membership – 9%
  • Sabbaticals – 8%
  • Housing or relocation assistance – 7%
 
"Offering training and mentoring opportunities also helps businesses develop a more skilled workforce. Flexible work arrangements cost little to implement but show that a company values its staff and their work-life balance needs," Messmer said.
 
The survey was developed by Accountemps, a specialized staffing service for temporary accounting, finance, and bookkeeping professionals. It was conducted by an independent research firm and includes responses from more than 1,400 CFOs from a stratified random sample of U.S. companies with 20 or more employees.
 
Accountemps' parent company, Robert Half International, also interviewed chief information officers, senior human resources managers, attorneys, and advertising and marketing executives about the perks their organizations are offering. View the comprehensive results in the first-quarter 2011 Professional Employment Report.
 

Related articles:

You may like these other stories...

For the first time in the five-year history of Vault.com’s rankings of the top 50 accounting firms to work for in North America, a firm has held the top spot as best accounting employer for two consecutive years....
With tomorrow being Tax Day, you might see some procrastinators at your office filling out forms, printing out paperwork, or getting last-minute tax advice from their accountant so they can meet the IRS’s filing...
You can read volumes on how to manage an accounting practice. But if you want the quick version, just read the following four points. Everything else is just commentary.  (These points come out of the 1997 book, The...

Upcoming CPE Webinars

Apr 17
In this exciting presentation Excel expert David H. Ringstrom, CPA shares tricks that you can use with pivot tables every day. Remember, either you work Excel, or it works you!
Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.