What Benefits Do Companies Offer Their Employees? Now Job Seekers Can Find Out Before the Interview

Employee reviews -- plus benefit search-and-compare features -- make job hunts and hiring more efficient.

Aug 9, 2014 at 2:44PM

Job seekers who are up to speed on their interview etiquette know that asking about benefits during an interview is not OK. That kind of discussion is supposed to happen only after the employer extends an offer. That's understandable … if not especially efficient. Applicants may face several rounds of interviews, jumping through hoops, only to find that an offered job comes with inadequate family leave or without tuition assistance for ambitious employees. On the other side of the desk, employers don't want to waste resources courting potential hires who will balk at the finish line or, worse, hire on and jump ship as soon as they get a better offer.

To give employees a clearer picture of what companies offer -- and to allow companies to play up their perks -- career site Glassdoor this week launched a new benefits feature that shows employee ratings of 50 types of benefits and perks for companies. This is a cool feature for job seekers, who can save time by seeking out only the potential employers with the benefits they want, and by running Glassdoor's benefits comparison tool on the companies they're considering. It can also help companies save time and money recruiting the best matches for what they offer.

Benefits are a big issue for workers
According to Glassdoor survey results, 59% of workers would take a job with less pay if it offered better benefits. That's a percentage recruiters and companies should keep in mind when seeking new staff.

"When you're competing for top talent, benefits should be a key element of what you're offering," said Will Staney, "head talent warrior" at Glassdoor. "We've seen that benefits and perks play a large part in the reviews of the most highly rated companies on Glassdoor because they indicate something bigger about the culture of the company and how it values employees."

Detailed tools for better matches between employers and new hires
Not all companies on the site have benefits reviews yet, but that's likely to change as employees add anonymous reviews and companies optimize their profiles. There's a lot of ground to cover. The perks and benefits are grouped into categories:

  • Insurance, health, and wellness: This category includes medical and dental insurance as well as perks such as on-site health care.
  • Financial and retirement: Benefits here include 401K plans, stock options, bonuses, and charitable-giving matches.
  • Family and parenting: Maternity and family medical leave, child care, and work-from-home options are all grouped here.
  • Vacation and time off: This section includes the obvious, along with bereavement leave and time off for volunteer projects.
  • Perks and discounts: Does the company offer discounts on things like mobile phones and company products? Can Fido come to the office? This is where to find out.
  • Professional support: For workers in rapidly evolving fields, it's crucial to know going in what kind of training and tuition assistance an employer offers.

Glassdoor Benefits Overview Page

Glassdoor's new benefits format

Beyond employers and job seekers, this detailed spelling out of benefits has another potential audience -- currently employed professionals who are doing good work and preparing for an annual review. They could use the Glassdoor data to make a case for specific benefits they'd like to receive, especially if a search shows that competing companies are already offering those options.

As job searches and hiring processes become more transparent, companies that want to recruit and retain the best talent will have to be very attuned to what benefits that talent is looking for, and they will have to respond to changes in those trends. Transparency will also make it easier for job seekers to find the benefits they want at each stage of their career and personal life. Everyone may have to raise their game -- companies to deliver what talent wants, and job seekers to prove they're worth it. But if the net result is fewer mismatched hires and more time saved on job searches, everybody wins.

Warren Buffett: This new technology is a "real threat"
At the recent Berkshire Hathaway annual meeting, Warren Buffett admitted this emerging technology is threatening his biggest cash-cow. While Buffett shakes in his billionaire-boots, only a few investors are embracing this new market which experts say will be worth over $2 trillion. Find out how you can cash in on this technology before the crowd catches on, by jumping onto one company that could get you the biggest piece of the action. Click here to access a FREE investor alert on the company we're calling the "brains behind" the technology.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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