Employee benefits

Only 49% of employers consider benefits that support all staff

When asked which benefits employers are most likely to offer, only 49% of respondents said they consider benefits that support all employees.

The UK Group Risk industry paid out a record £2.49bn in claims in 2023

In addition to financial payment, one of the most valuable benefits of group risk is the support it can provide in helping employees stay in or return to work.

83% of employers with overseas staff risk inadequate support with cash lump sum for benefits

It’s difficult to fulfil a duty of care when only offering a lump sum, rather than offering specific support from an approved and expert source.

1/3 employers say health and wellbeing support more important than ever for recruitment and retention

30% of employers say that they do not offer enough health and wellbeing support and this impacts their ability to recruit and retain people.

Chris Ronald: Steps for building a thriving workplace

With a wealth of tools and resources available to leaders, there's no excuse for not having ambition to create a highly engaged and thriving workplace.

1/2 workers do not feel their employer cares about cost of living struggle 

Some employers could be underestimating the impact and struggle employees are currently facing and how unsupported the UK workforce feels.

65% employee dissatisfaction rate with current benefit programmes

Research highlights a significant disconnect between employee desires and the challenges for HR professionals in delivering fulfilling benefit programmes.

59% employers expand workforce highlighting shift towards comprehensive well-being support

In a significant boost for workplace well-being, 43% of employers have pledged to increase their investment in employee benefits within the next year.

Rosie Beardsworth: Boost employee retention with a workplace wellbeing initiative

Employee retention is key to creating a successful workforce and growing organisation, but as everyday stresses continue to grow with factors such as the cost-of-living crisis or work burnout – retention can be difficult to control.

Jeanette Wheeler: Refreshing employee benefits to reflect the new world of work 

In the post-Covid economy, an organisation that offers genuinely attractive and relevant benefits will find it easier to attract the calibre of employee it wants.

Analysis, Advice and Opinion