- Latest Research from Kenexa Shows Steady Decline in Employee Satisfaction with Benefits, But Millions of Respondents Confirm that Much Depends on Where They Work, What They Do -
WAYNE, Pa. (April 10, 2007) – The latest research conducted by the Kenexa Research Institute (KRI), a division of Kenexa® (NASDAQ: KNXA), a leading provider of talent acquisition and retention solutions, suggests that U.S. employees have differing opinions when it comes to satisfaction with their employer-offered benefit packages. Based on recently compiled data from Kenexa’s database of employee survey results known as WorkTrends™ as well as Kenexa’s normative databases, it appears that employee satisfaction with benefit offerings is largely predicated by the industry in which the employee works and the job function performed.
Industries that report a decline in employee benefit satisfaction include heavy manufacturing, wholesale/retail trade, healthcare products and pharmaceuticals, communications service/utilities, banking, and to a lesser degree, education.
Industries demonstrating a rise in employee benefit satisfaction include health care services and financial services. Overall, employee satisfaction with benefits in the light manufacturing, construction /engineering, food industry, wholesale/retail, government/public administration, transportation services and business services industries showed only slight or no change at all over the past few years.
Not surprising is that the most volatile industries were electronics and computer manufacturing, given the unpredictability of the marketplace and the resulting “trickle-down” effect on compensation and benefits.
Actual job functions reporting the biggest decline in benefits satisfaction included first-line supervisors, clerical, service, crafts/skilled trades, operatives and laborers. Those demonstrating the greatest gains in benefit satisfaction were managers and executives and those with generally slight or no change in benefits satisfaction included those in technical, sales or professional positions.
Kenexa Research Institute’s Executive Director Jack Wiley said, “It is interesting to note that employees who work in ‘best practices’ companies are noticeably more favorable in their satisfaction with their benefits and their responses tended to be more stable and congruent.”
As logic might dictate, salaried employees gave higher benefit satisfaction grades than hourly employees, while those employed in larger companies showed higher levels of satisfaction than those in smaller companies. The more mature employee in terms of age showed markedly higher levels of satisfaction than their Generation X co-workers.
For further information, as well as interviews with Dr. Wiley can be requested from the media contacts listed below.
Click here to download the Employee Insight Report.
About Kenexa
Kenexa Corporation (NASDAQ:KNXA) provides outsourcing, employee research and software to help organizations more effectively recruit and retain a productive workforce. Kenexa solutions include applicant tracking, employment process outsourcing, onboarding, skills and behavioral assessments, structured interviews, performance management, multi-rater feedback surveys, employee engagement surveys and HR Analytics. Headquartered in Wayne, Pa. (outside Philadelphia), Kenexa employs more than 1,200 people worldwide. More information about Kenexa and its global locations can be accessed at www.kenexa.com.
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