With retaining talent the number one challenge for legal firms, employee benefits can be an effective way for firms to differentiate themselves from competitors.
Of those who receive a bonus, 61% of younger employees would prefer year-round financial support such as workplace savings schemes or discount vouchers.
55% of 18-34-year-olds say that a good benefits package is now the most important thing they look for in employment, compared to 42% of the general workforce.
A fifth of employers express concern about employees living with long-term chronic illnesses, such as diabetes, certain types of cancer, or multiple sclerosis.
Multinational employers must navigate risks, regulatory compliance, and talent retention to avoid repercussions such as absence rates and reduced productivity.
The needs of existing employees constantly change and so do the benefits that are effective in recruiting new talent. So programmes need to adapt accordingly.
Two-fifths of UK employers (42%) admit they are ineffective at delivering employee experience in their benefits strategy and improvements need to be made.
The UK’s workforce is amidst a wellbeing crisis. To address these issues, evidence shows boosting healthcare plans and improving workplace design has a positive impact.
Research reveals a significant knowledge gap among employees when it comes to understanding the health and wellbeing benefits offered by their organisations.