Employee Benefit Survey

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

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Employee Benefit Benchmarking Report 2022

Exclusively focused on UK organisations with employee headcounts of up to 1000, the data and conclusions shared in this report are directly relevant to companies of this size and profile.