Paul Weeks
11 Jul 2016
Below are some of the results of a recent independent employee benefit survey of over 300 employers which we thought may be of interest to you.
Many of the answers highlight the value of an effective online benefit & communication platform, something we can provide via our Wingate PlusYou product. Wingate PlusYou is a straightforward, effective and surprising low cost online benefit platform which we can demonstrate face to face or online and usually provide a no obligation quote for within 24 hrs.
For further details of our Wingate PlusYou product please contact one of our employee benefit advisers on 01883 332260 or at info@wingatebs.com .
Survey Answers
- 74% of respondents enable staff to contribute to their defined contribution pension scheme via a salary sacrifice arrangement
- 81% of respondents offer employee benefits because they are an effective retention tool
- 76% do it as they are an effective recruitment tool
- 72% do it to support employee health and wellbeing
- 61% of respondents name the desire to be seen as an employer of choice as a key issue shaping their organisations benefits strategy
- 44% of respondents fund their employee benefits offering solely themselves whereas 49% part fund their offering
- 50% don’t envisage this funding situation to change
- From the respondents, here is a breakdown of salary sacrifice arrangements offered:
- 93% offer Childcare Vouchers
- 78% offer Cycle to Work Schemes
- 72% offer pension
- 37% offer Give-As-You-Earn/payroll giving
- 36% offer holiday trading
- 25% offer Health Screening
- 22% offer Gym Membership
- 17% offer cars
- On the Group Risk side of things
- 84% offer Death In Service
- 53% offer Income Protection
- 36% offer Critical Illness
- 30% offer Personal Accident Insurance
- On the Health & Wellbeing side of things
- PMI is offered in 71% of cases
- EAP in 68% of cases
- Health Screening in 50% of cases
- In terms of measuring engagement levels, 69% of respondents do this via a staff survey
