Survey: Flexible Scheduling Tops the List of Valued Benefits

What perk do today’s workers appreciate most? According to 30 percent of chief financial officers (CFOs) polled recently by Accountemps, flexible schedules top the list. Retirement savings plans ranked second, cited by 17 percent of those surveyed, followed closely by extra time off with 16 percent of the response.

The national poll was conducted by an independent research firm and developed by Accountemps, the world’s first and largest specialized staffing service for temporary accounting, finance and bookkeeping professionals. The survey includes responses from 1,400 CFOs from a stratified random sample of U.S. companies with 20 or more employees.

CFOs were asked, “Which one of the following employee benefits do you feel workers value most?” Their responses:

Flexible schedules 30%
Retirement savings plans 17%
Extra time off 16%
Spot bonuses 13%
Health care benefits/health insurance 13%
Equity incentives 3%
Don't know/other 8%
Total 100%

“Lean staffing levels mean many employees are working longer hours. At the same time, a growing number of professionals must meet mounting personal obligations, including caring for children and elderly relatives,” said Max Messmer, chairman of Accountemps and author of Motivating Employees For Dummies (John Wiley & Sons, Inc.). “For this ‘sandwich generation’ of employees, increased control of their time enables them to balance competing demands.”

Added Messmer, “Not all companies are able to provide flexible schedules; it depends on the nature of the business and the number of people employed. However, firms that can offer this benefit may have an advantage when recruiting and retaining staff.”

Messmer advised managers who are considering offering flexible work arrangements to ask themselves the following questions:

  • How will it affect customer service? Staggering work hours might allow you to accommodate employee schedules while being more available to customers. However, if your business has certain peak periods, you may want to have all personnel available during those times.
  • How strong is the employee work ethic? Flexible schedules work best for self-motivated professionals, particularly if they’ll be doing their jobs when no one else is around.
  • How dependent on teamwork is the organization? If impromptu meetings are where the best ideas are born, you’ll want to ensure significant overlap in employee schedules.

You may like these other stories...

Read more by Rita Keller here.I recently read a tweet by my music-teacher son regarding his fifth-grade musicians: “My fifth-grade flutes and clarinets just exhaust me. They have so much energy and ask sooooo many...
By Richard D. Alaniz  On June 24, 2013, the US Supreme Court narrowed the definition of who qualifies as a "supervisor" for the purposes of harassment cases. This holding is a significant win for...
By Ken Berry The common perception is that most of the key provisions included in the massive 2010 health care legislation – the Patient Protection and Affordable Care Act (PPACA), frequently referred to as...

Upcoming CPE Webinars

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.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.