UK SME Adoption of Employee Benefits 2018
"UK SME Adoption of Employee Benefits 2018", report highlights the opportunities that exist in offering employee benefits by sizing the number of SMEs in the UK. It looks at the penetration of employee benefits among SMEs and the factors affecting this. It explores how employee benefits are purchased, identifies the leading insurers, and highlights the importance of offering benefits in order to attract and retain employees. The report also discusses what prompts SMEs to take up various employee benefit products.
Employee benefits constitute a range of products provided to employees in addition to their normal salary. Their purpose is to increase the economic security and wellbeing of staff, and these benefits are pivotal in both attracting and retaining employees. Businesses that offer more employee benefits are considered to be more attractive to employees.
Scope
– Generation X and baby boomers – the older generations within the workforce – are more driven by financial benefits than younger demographics.
– For most product lines, 80-90% of the reason companies started offering a benefit was either driven by employee demand or by companies feeling they needed to offer it to attract and retain staff.
– Employee benefits are only sold via agents around 10% of the time.
Reasons to Buy
– Understand the opportunity in cross-selling employee benefits alongside general insurance for SMEs.
– Adjust your strategy by discovering the most common employee benefits provided by UK SMEs and which providers lead the way in this space.
– Understand the current pressure on SMEs and how this may impact the sale of employee benefits.
– Be aware of how providers are innovating in the employee benefit space.
Key Players
Table of Contents
Get in touch to find out about our multi-purchase discounts
reportstore@globaldata.com
Tel +44 (0) 20 7947 2960
Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.
Still undecided about purchasing this report?
Testimonial
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.
Related reports
View more Financial Services reports
