Charities at risk of missing top talent due to employee benefits offering, report finds

Charities and other non-profits are at risk of missing out on top talent due to their employee benefits offering, a new report has found.

The Employee Benefits Index, which ranked industries based on the percentage of jobs that have employee benefits, scored non-profits 85 out of a total of 2,000.

The research, which was carried out by equity management platform Vestd, used Indeed to search for 20 common benefits found in job descriptions and filtered the results by industry. It then took the resulting number of jobs listed and divided this by the total number of jobs currently listed in the UK on Indeed.

Vestd gave each industry a weighted score out of 100, based on the percentage of jobs that had each benefit, and totalled up the scores to give a score out of 2,000. The higher the score, the better the benefits packages offered in that industry.

Charities scored a total of 85, while aerospace and defence scored the highest with a total of 994. Other high scorers included government and public administration with 877 and telecommunications with 802.

The most commonly offered benefit was 'cycle to work' after analysing over 16,029 job descriptions.

Commenting on the research, Ifty Nasir, founder and CEO at Vestd, said: “While many companies like to shout about the office pool table or mini bar, we’re seeing people veering away from these sorts of quirky benefits while on the hunt for their next role.

“Given the cost of living crisis, employees are now on the lookout for tangible benefits that offer a true reward for their hard work or help them to achieve their day-to-day duties in the role.

"Employees are much more inclined to buy into the ethos of the company if they’re given shares as part of their compensation package. According to our research, 45% of businesses that responded said that having a share scheme in place made it easier to attract talent.

“It’s interesting to see the likes of retail and hospitality among the biggest providers of share options and expected industries but it certainly draws attention for the need of other industries to follow suit.”

Click here to view the full report.