Employee benefits

James Clowser: What are the top employee benefits and wellbeing trends in the legal sector?

With retaining talent the number one challenge for legal firms, employee benefits can be an effective way for firms to differentiate themselves from competitors.  

Younger workers favour ongoing financial support over bonuses

Of those who receive a bonus, 61% of younger employees would prefer year-round financial support such as workplace savings schemes or discount vouchers.

Younger employees value workplace benefits package more than older counterparts

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.

Concerns over employees with long-term chronic illnesses and barriers to wellbeing support

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 look to Global Benefits Management for 2024

Multinational employers must navigate risks, regulatory compliance, and talent retention to avoid repercussions such as absence rates and reduced productivity.

Affordability and flexibility top the list of requirements from a wellbeing programme

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.

Work to be done to improve the employee experience of benefits

Two-fifths of UK employers (42%) admit they are ineffective at delivering employee experience in their benefits strategy and improvements need to be made.

Niki Fuchs: Combating inefficiency – Healthcare benefits and workspace design improve employee wellbeing

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.

Employers need to bridge the knowledge gap when it comes to health and wellbeing benefits

Research reveals a significant knowledge gap among employees when it comes to understanding the health and wellbeing benefits offered by their organisations.

Danni Rush: Four tips to support employee wellbeing through reward and recognition

Robust and engaging reward and recognition initiatives are powerful programmes which contribute to the wellbeing of employees.

Analysis, Advice and Opinion