The US job market is “red hot” with its various work perks

The US job market is “red hot” with its various work perks
  • Home
  • Articles
  • The US job market is “red hot” with its various work perks

Fresh graduates in the United States (US) are entering the best jobseeker market in history, according to ZipRecruiter lead economist Sinem Buber.

Last April, more than 11 million jobs were opened for people who are looking for employment. And despite talks of a recession, the economy does not seem to be slowing down yet.

With the growing number of vacant positions in the US and the rest of the world, many employers are battling it out to attract high-quality talent. And that’s reflected not just in the number of jobs open, but in the benefits, employers are offering to entice potential employees.

Below is a list of fast-growing work perks that are being offered in job ads on Ziprecruiter’s website. The list also includes the number of jobs offered to them per 100,000 listings, and the growth rate between 2019 and 2022.

  • Pay on demand – Job postings offering this perk: 6,893; Growth rate: 157%
  • Signing bonus – Job postings offering this perk: 5,282; Growth rate: 178%
  • Remote work – Job postings offering this perk: 2,322; Growth rate: 315%
  • Pet insurance – Job postings offering this perk: 71; Growth rate: 231%
  • Mental health and wellness benefits – Job postings offering this perk: 14; Growth rate: 53%

Beuber explained that signing bonuses were a generous offer from employers to talents in 2021. However, most have pulled back on this perk and are prioritizing overall compensation and base pay increases, instead.

As for pay on demand, some companies are now offering workers the chance for employees to get their salary whenever they want, instead of waiting for two weeks or a month.

Remote work, meanwhile, is the most common perk that companies offer these days due to the rise of employees who are preferring this arrangement.

Meanwhile, Kristin Kelley, chief marketing officer at CareerBuilder, said that wellness benefits — including gym memberships, yoga classes, and counseling — are on the rise.

And funny as pet insurance may seem, it’s actually “very common that people have pet insurance on their insurance policies” now, says Kelley.

Offering all these benefits is the easiest way to gain applicants for a vacant position. With the number of vacant positions inversely proportional to the job seekers in the US, it is no surprise that companies are doing whatever they can to gain the most capable employees in their respective industries.

Read more here.

Start your
journey today

  • Independent
  • Secure
  • Transparent

Access fantastic talent at world-leading prices

Scale your business fast while reducing costs —
the average all-in employment costs in the
Philippines are typically 70% less than its
Western counterparts

Philippines United Kingdom Australia United States
Software Developer
HR Manager
Team Leader
Copy Writer
Customer Service
Virtual Assistance
Select a role to view salaries
Philippines $7,221
United Kingdom $39,913
Australia $62,653
United States $81,994

Avoid guesswork. Talk to the experts, free.

Get 3 free quotes

You can save 70% on staff costs, whilst driving quality & growth. Connect with an outsourcing expert to see how outsourcing can transform your business.

Why choose us?
  • Independent and unrivalled expertise
  • We carefully match you from 2,300+ leading suppliers
  • Access to Outsourcing Savings Calculator & Report

Get Started

How many staff to outsource?

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO).

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between world-leading outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 450+ podcast episodes, and a comprehensive directory with 3,900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.