43 % employees do not yet receive any festive benefits

43 % employees do not yet receive any festive benefits

A recent employee survey found that 43% said they received no festive perks. About 66% of the respondents said that they expected special benefits or bonuses from their employers during the festive season, but did not receive the big expected perks.

According to research by AmbitionBox, an online platform that surveys employees, 66% of employees say that incentives, skills training, and support from managers give them great motivation, while 44% respond that they feel bored at work.

Also read: Investing Diversity in the Workplace

“Festivals in India are not just about celebrations but also about forging deeper connections. When employers align their festive offerings with employee expectations, it not only fulfills a cultural tradition but can also foster a sense of belonging, loyalty, and recognition among the workforce,” says Mayur Mundada, Founder and Business Head, AmbitionBox. “Our survey merely reflects the sentiments and expectations of employees and can help employers to understand what employees expect. Employers can use such festive benefits to drive employee satisfaction.”

Survey reveals that Out of the employees who receive festive benefits currently, merely 29% are satisfied with these perks, hinting at a potential area of improvement for employers. Cash bonuses are clearly in demand, preferred by 66%. Other preferred benefits include Gift cards (30%), Electronics and Gadgets (27%), Customized gifts (24%), Destination holidays (21%), and Experiences like spas (12%). Understanding such preferences can aid employers in tailoring their festive offerings for maximum employee engagement. Beyond immediate joy, 63% believe such perks enhance motivation and engagement, while 39% believe they foster a stronger sense of loyalty. For 75% of respondents, the presence or absence of festive benefits matters when it comes to employee satisfaction.

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April 2024

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