Skip to main content
Affordable Employee Training Exclusively for NJBIA Members LEARN MORE

Workplace benefits and financial planning advice matter more to most employees than rising through the company ranks to the top, a new report released Wednesday finds. 

Only about 3 in 10 Americans say they aspire to a C-suite role, according to the research from Empower, which surveyed more than 1,000 Americans last month for its “Who’s the Boss?” report. In fact, 31% of people surveyed said they didn’t want their job description to change – even if it means sacrificing a promotion or raise. 

Forty percent said they derived work satisfaction from being rewarded for their loyalty and longevity at a company, while others derived satisfaction from taking on challenging projects (24%) and receiving recognition for a job well done (34%). 

Money is by far more important to most (67%) than being an inspiring leader (32%). The report noted a “paycheck paradox” in that 38% of all respondents said they are not paid enough to go above and beyond their current job description. For Generation Z respondents (those under age 27) the percentage rises to 55%. 

Asked about their workplace “wish list,” 75% said bonuses are important but 17% said their employer doesn’t offer them one. For those who do receive bonuses, 24% said they spend the money on essential items, 44% put it in their savings, 28% put it toward retirement, and 32% spend it on a vacation. 

Retirement plans with employer matching contributions were an important benefit to 71% of respondents. Additionally, 54% said they wished their employer automatically enrolled them in 401(k) retirement plan and 52% said they wanted their company to offer employees more “financial literacy” opportunities. 

Asked about hybrid work schedules, 26% said they would quit and find a new job if their employer asked them to return to the office more often this year. However, 48% said they would be willing to return to the office if their employer offered a four-day workweek. Only 6% said they would be willing to take a pay cut to work remotely.