Title

Student Preferences for Workplace Benefits 2019

Description/Abstract

In Fall 2019, the Management Lab in the Strome College of Business surveyed 244 undergraduate students regarding their preferences for workplace benefits. Including wellness, health, leave, career development, education, and other benefits.

Respondents considered each benefit category (e.g., Technology) as well as specific offerings (e.g., Subsidy for cell phone bill for employee-owned device) and selected one of the following: 1) Must-Have (I will only accept a job that offers this benefit); 2) Attraction (This benefit will increase the attractiveness of a job, though it is not a requirement); 3) Neutral (This benefit will not impact my choice to accept a job); or 4) I Don't Know What This Benefit Is.

Overall, most students in this sample indicated that vacation, sick, and personal leave (57%); retirement plans (53.7%); holidays (52%); health (50.4%), dental, vision, and other insurance plans (50.8%) were must-haves. The categories that were rated as attractive, but not required, included wellness spaces (68.9%), technology (67.2%), education (66.8%), and financial advice (66.8%).

While health-related categories were one of the Top 10 "Must-Haves," students also reported that they did not know what the specific offerings were. For example, 50.4% of students indicated health insurance plans were a "Must-Have," 32% indicated they did not know what a high deductible health plan was. Students generally reported being neutral about it.

New child benefits, though this may be due to 70% of our sampling being 18 and 22 years old. These findings have important implications for local organizations that recruit from Old Dominion University talent pool.

KEY WORDS: workplace benefits; healthcare; preferences

Presenting Author Name/s

Jamayca Madolid

Faculty Advisor

Emily Campion and Sheila Keener

Presentation Type

Poster

Disciplines

Benefits and Compensation

Session Title

Poster Session

Location

Learning Commons, Atrium

Start Date

2-8-2020 8:00 AM

End Date

2-8-2020 12:30 PM

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Feb 8th, 8:00 AM Feb 8th, 12:30 PM

Student Preferences for Workplace Benefits 2019

Learning Commons, Atrium

In Fall 2019, the Management Lab in the Strome College of Business surveyed 244 undergraduate students regarding their preferences for workplace benefits. Including wellness, health, leave, career development, education, and other benefits.

Respondents considered each benefit category (e.g., Technology) as well as specific offerings (e.g., Subsidy for cell phone bill for employee-owned device) and selected one of the following: 1) Must-Have (I will only accept a job that offers this benefit); 2) Attraction (This benefit will increase the attractiveness of a job, though it is not a requirement); 3) Neutral (This benefit will not impact my choice to accept a job); or 4) I Don't Know What This Benefit Is.

Overall, most students in this sample indicated that vacation, sick, and personal leave (57%); retirement plans (53.7%); holidays (52%); health (50.4%), dental, vision, and other insurance plans (50.8%) were must-haves. The categories that were rated as attractive, but not required, included wellness spaces (68.9%), technology (67.2%), education (66.8%), and financial advice (66.8%).

While health-related categories were one of the Top 10 "Must-Haves," students also reported that they did not know what the specific offerings were. For example, 50.4% of students indicated health insurance plans were a "Must-Have," 32% indicated they did not know what a high deductible health plan was. Students generally reported being neutral about it.

New child benefits, though this may be due to 70% of our sampling being 18 and 22 years old. These findings have important implications for local organizations that recruit from Old Dominion University talent pool.

KEY WORDS: workplace benefits; healthcare; preferences