From Allgo's annual HR Trends Report, here are the top Financial and Non - Financial benefits that companies are offering in 2022 as reported by 100 HR Leaders.
Below are the top factors that will affect Pay and Benefits in 2022.
In 2022, wage inflation is predicted to revert back to pre-pandemic levels. HR Leaders are forecasting wage inflation to increase to 3.7%, up from 1.5% in 2021 and 3.6% in 2020.
Financial Benefits Offered by Companies -
#1. Bike to Work Scheme
The Bike to Work Scheme remains the top Financial Benefit for the third year in a row, with 80% of companies offering this to staff.
#2: Pension (company-contributed)
Going back to 2020, Company-Contributed Pension is once again the second most popular Financial Benefit offered to employees, up from fourth in 2021.
#3: Paid Sick Leave
Staying within the top three for the 2nd year in a row, Paid Sick Leave is the third most popular financial benefit offered by the companies surveyed. Paid sick leave is now being offered by 65% of companies.
#4: Paid Education / Training
According to our survey, the fourth most popular financial benefit offered to employees is paid education and training. This benefit continues to stay a priority for companies as employers focus on enhancing and improving employee skills so that both the company and employee can grow and improve together.
HR Trends 2022
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Non - Financial Benefits Offered by Companies -
#1: The Christmas Party
Surprisingly, even with two years of disruption, the Christmas Party remains supreme as the No. 1 Non-Financial Benefit for the third year in a row!
#2: Remote Working
Remote Working is at an all time high with over 74% of companies offering this benefit. It is clear that although the pandemic is coming to an end, Remote Working is going nowhere.
#3: Flexible Working
Moving into the top 3 non - financial benefits, Flexible Working is a top benefit for companies to offer their employees. Although Remote working has become the new norm since the pandemic, Flexible working remains a major perk still offered by companies.
#4: Employee Assistance Program
Employee Assistance Programs are becoming a priority for companies to offer staff, with this benefit being the first time this perk has made it into the top 10 non - financial benefits. It is not surprising that companies are working on looking after their employees after two trying years of the pandemic.
Download the HR Trends Ireland Report 2022
Based on a survey of HR Leaders and Senior HR Managers, this report highlights the challenges and trends in HR for 2022. Download it for free today by clicking the Download Now