Survey Finds Greater Number of Companies Offering Work/Life Benefits

MENLO PARK, CA -- "Get a life" is the message more companies have been sending to employees over the last several years -- a more balanced one, that is. In a nationwide survey of chief financial officers (CFOs), nearly two-thirds (63 percent) of respondents said that the number of companies instituting work/life benefits has increased compared to five years ago.

The survey was developed by RHI Management Resources, North America's largest consulting firm providing senior-level accounting and finance professionals on a project basis. It was conducted by an independent research firm and includes responses from 1,400 CFOs from a stratified random sample of companies with more than 20 employees.

CFOs were asked, "Compared to five years ago, how has the number of companies instituting progressive work/life benefits for their employees changed?" Their responses:

Increased significantly 16%
Increased somewhat 47%
No change 17%
Decreased somewhat 11%
Decreased significantly 3%
Don't know/No response     6%

"Companies are instituting a variety of methods to enhance worker satisfaction," said Cecil Gregg, executive director of RHI Management Resources. "Although extended work hours are becoming unavoidable for many professionals, firms are providing benefits such as telecommuting, flextime or subsidized day care to help reduce some of the pressure of these demands."

Gregg added that with employment levels at record highs, the move is not entirely altruistic. "Companies are recognizing that these programs are critical in recruiting the best talent," he said. "While candidates place high importance on compensation, work/life benefits are often the deciding factor in accepting an offer." Gregg noted that the desire to have greater control over their careers has also prompted many professionals to pursue consulting work.

RHI Management Resources has locations in major cities throughout the United States, Canada, Europe and Australia, and offers online job search services at www.rhimr.com.

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