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back to index backGLOBALtalk June,  2016


How U.S. Employee Benefits Compare To Europe's

Unsurprisingly, Americans aren't the beneficiaries of generous paid leave, vacation, or unemployment policies.

The U.S. isn’t very competitive with other countries when it comes to taking care of its workers, according to a new report from Glassdoor.

Conducted in cooperation with London-based Llewellyn Consulting, the report, "Which Countries in Europe Offer Fairest Paid Leave and Unemployment Benefits?" shows a sharp divide between American workplace benefits and those offered in 14 European countries.  

"In the U.S., workplace benefits like unemployment, maternity/paternity leave, and paid time off are part of the total compensation pie negotiated between employer and employee," said Glassdoor’s chief economist Andrew Chamberlain in a statement. "In most cases, the responsibility to provide these necessary social benefits to workers falls to U.S. employers rather than the government." This is in contrast to social policy across Europe, Chamberlain observed, which generally results in far more generous benefits than what is typical in the U.S.

With unemployment at historic lows, the general sentiment among workers is that they can find another, better job elsewhere, particularly among millennials, 44% of whom Deloitte found would leave their employers in the next two years. Benefits could make the difference between a talented employee staying or leaving to find a better package elsewhere.

A separate Glassdoor survey found that 79% of U.S. employees report they would prefer new or additional benefits instead of a pay raise, and more than half (57%) of people said benefits such as health insurance, paid vacation, paid sick days, and a retirement plan—some of which are mandated in European countries—are among their top considerations before accepting a job.

To read entire article, please click here.

Source: Fast Company - GAI





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