The graduating class of 2022 is entering "the best jobseeker market" in U.S. history, says Sinem Buber, lead economist at ZipRecruiter. "It's red hot." There were more than 11 million openings on the last business day of April, according to the Bureau of Labor Statistics. And despite talks of a recession, the economy does not seem to be slowing down yet.
For those looking for work ― whether you've just started your career or are considering a pivot ― this could mean many employers vying for your time and talents. And that's reflected not just in the number of jobs open, but in the benefits employers are offering to entice potential employees.
ZipRecruiter compiled a list of fast-growing work perks. Here are some of the most prevalent perks, including the number of jobs that offered them per 100,000 listings, and the rate at which they grew 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%
Depending on the level at which you're entering your role, signing bonuses can range from less than $5,000 to more than $50,000 for managers and executives, according to Harvard Law School. "Signing bonuses were generously offered to attract talent in 2021," says Buber, "but employers have pulled back in 2022, instead focusing on overall compensation and base pay increases."
In terms of pay on demand, "after the inflation numbers started going up, people wanted to have access to their paychecks before they completed" the two weeks or month it usually takes to earn them, says Buber. Now, some companies are offering workers the chance to get their pay whenever they want "to have access" to it.
Remote work has long been growing as an option ― it's one of the first perks companies offer, says Buber. And in terms of wellness benefits, those could include, "gym memberships, virtual gyms, like virtual yoga classes that you can join every week," and counseling, whether that's wellness counseling or nutritional counseling, says Kristin Kelley, chief marketing officer at CareerBuilder.
And funny as pet insurance may seem, it's actually "very common that people have pet insurance on their insurance policies" now, says Kelley.
Check out:
How to negotiate your first salary, according to a career coach
What to say if you aren't offered enough money in a salary negotiation
I got $10,000 more when I negotiated my salary—here's the exact script I used
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