SOURCE: Glassdoor.com

Glassdoor.com

August 06, 2014 00:00 ET

Glassdoor Launches Benefits Reviews & Ratings

Employee Provided Ratings and Reviews Give Job Seekers Insight Into Company Specific Benefits and Perks

SAUSALITO, CA--(Marketwired - Aug 6, 2014) - Just half (54 percent) of U.S. employees say they believe their benefits are better than what competitors offer, according to a Glassdoor survey, conducted online by Harris Interactive1. To help job seekers understand if the grass really is greener on the other side, Glassdoor, the leading jobs and career community, has announced its newest feature, Benefits Reviews, making it easier for people to compare benefits and perks at companies, as well as better understand which company is the right fit based on their specific needs. Glassdoor now brings transparency to benefits packages, the same way it has to company culture, salaries and the interview process.

"Job seekers are already evaluating and comparing job offers, but with very little information on what a benefits package really entails or whether it meets the needs of employees. We're proud to break down this information barrier, and in turn, help job seekers make more informed career decisions," said Allyson Willoughby, Glassdoor senior vice president of people and general counsel. "Benefits and perks carry both personal and monetary value and can greatly impact an employee's satisfaction with their company. By unlocking information about benefits from those in the know, we believe it will also lead to improved recruitment and employee retention rates."

Through Glassdoor's free online benefits review survey, employees are asked to rate how satisfied they are with their employer's overall benefits package and describe the best and worst facets of the benefits package. Plus, employees are asked to indicate which benefits and perks their employer specifically offers. Categories include:

  • Health and wellness (e.g., health and dental insurance)
  • Financial and retirement (e.g., 401(k), pension plans)
  • Family and parenting (e.g., onsite daycare, adoption assistance)
  • Vacation and time off (e.g., holiday pay, sabbaticals)
  • Perks and discounts (e.g., free lunches, dog friendly office, company car)
  • Professional support (e.g., diversity program, tuition assistance)

In addition, employees are encouraged to rate and review each specific benefit or perk their employer offers, as there are more than 50 benefits and perks employees can review and rate. The survey also asks employees to provide their employment status (e.g., full-time, part-time, contract, seasonal), whether they are a current or former employee and their job title and location.

"An important part of any job search is not only knowing what the job entails and pays, but also what benefits the company has to offer. Most companies provide some benefits to employees, but they can vary greatly from employer to employer," said Natalie (Tampa, FL), a Glassdoor member. "In addition to researching reviews and salaries, it's important for me to know what kind of benefits I can expect from my next employer, which is why I use Glassdoor to make informative career moves."

During the past couple weeks, as part of a private beta, Glassdoor has collected more than 4,000 anonymous benefits reviews from employees at companies like Amazon.com, Hewlett-Packard and Home Depot.

Employers are also encouraged to share insights on the benefits packages they offer through their Glassdoor Employer Profile. The profile gives employers the opportunity to share details about what their benefits package includes and verify which benefits and perks their company offers. (Learn more about the Glassdoor benefits feature for employers.) The complete benefits feature on Glassdoor allows job seekers to not only see what employees have to say about company specific benefits packages, but also gather valuable information from employers. 

To see benefits reviews on Glassdoor, visit: http://www.glassdoor.com/Reviews/index.htm. To share a benefits review for your current or former employer, complete an anonymous survey.

BENEFITS IMAGES, VIDEO & INTERVIEWS: For more information, including images, a demo or an interview, please contact pr@glassdoor.com. To embed or view an overview of the Glassdoor Benefits Reviews feature, please see video: http://bit.ly/1sn6RSt

1For the purposes of this study "employees" were defined as U.S. adults 18+ employed full, part or self. This survey was conducted online within the United States by Harris Interactive on behalf of Glassdoor from June 18-20, 2013 among 2,084 adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact pr@glassdoor.com.

About Glassdoor
Glassdoor, founded in 2007, is the leading career community designed to help job seekers find jobs and address critical questions that come up during the search, application, interview and negotiation phases of employment. Glassdoor provides the most transparent look at company culture, work environment, salary and compensation and the interview process thanks to the millions of insights shared by employees, job candidates and employers. For employers, Glassdoor offers recruiting and employer branding solutions to help maximize talent acquisition strategies and optimize results. As of August 2014, Glassdoor now welcomes more than 25 million members to its desktop and mobile platforms. Glassdoor is backed by Benchmark, Sutter Hill Ventures, Battery Ventures, DAG Ventures, Dragoneer Investment Group and Tiger Global. 

Glassdoor.com is a registered trademark of Glassdoor, Inc.