Research reveals a significant knowledge gap among employees when it comes to understanding the health and wellbeing benefits offered by their organisations.
Budget cuts have created an atmosphere of uncertainty in the UK, causing employees to feel less in control of their wellbeing, as well as losing trust in employers' wellbeing efforts.
An organisation that nurtures the physical and mental wellbeing of its workforce reaps the benefits of increased productivity and improved employee retention.
A third of employees rank private medical insurance ahead of other well-known benefits such as increased pension contributions, high street discounts and a company car.
Despite UK employees favouring financial support, 57% of employers have focused on providing health benefits and mental health support, revealing a potential mismatch in priorities.
With changing employee needs and evolving support options, it is vital that all employees are made aware of, and kept up to date with, the full range of benefits on offer.
According to the latest benefits design research, employee wellbeing is now a priority for employers, and the significance of benefits programmes is continuing to rise.