Summary of Edenred Benefit Study: Well-being and Employee Benefits in Romania
Key Findings:
Financial well-being is a top concern: A third of Romanian employees find financial well-being the biggest challenge.
Well-being benefits are a job priority: 6 out of 10 employees prioritize well-being benefits when choosing a job.
Increased investment in benefits: The average company budget for extra-salary benefits increased by 12% in 2023.
Shifting benefit preferences: There's a growing demand for flexible benefits and benefits that promote work-life balance (e.g., telework, vacation).
Rise in stress levels: Nearly 60% of employees report feeling stressed at work.
Conclusions:
Employee well-being is becoming increasingly important for Romanian workers and employers alike.
Companies offering comprehensive benefit packages that address various aspects of well-being can attract and retain talent.
Flexible benefit options are becoming a competitive advantage for employers.
Implications:
Companies need to take a holistic approach to employee well-being, addressing financial security, mental health, and work-life balance.
Offering flexible benefits empowers employees to choose what they need most.
Employers can leverage well-being benefits to reduce stress and improve employee satisfaction.
Overall, the study suggests that Romanian employees are seeking more than just a paycheck. They value benefits that contribute to their overall well-being, and companies that prioritize well-being are likely to be more successful in the competitive job market.
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