UK Employee Benefits Market
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This report provides a comprehensive analysis of the current employee benefits market, focusing on trends affecting this space as well as the challenges employee benefit providers and employers face. The report uses insight from our proprietary primary surveys of consumers and SMEs.
Unemployment in the UK is at the lowest level since 1975 according to the Office for National Statistics. This means job seekers are more powerful in the current market due to the sheer number of jobs available. Having a strong and competitive employee benefits offering helps attract and retain top talent, as well as making employees more productive and engaged. This report explores the different types of popular benefits being offered by employers, the challenges facing employee benefits, and how the employee benefits market is evolving.
Scope
– Companies in the mining industry are more likely to offer a wide range of employee benefits, likely because of the high risk employees in that sector agree to take on.
– Two thirds of employees not receiving a private pension would like one. Pension plans are one of the most important benefits to employees, so employers that provide this benefit will be more attractive than others.
– Three quarters of employers believe they should play an active role in supporting their employees’ mental health. However, only 17% offer an employee assistance program, which is an effective tool in helping employees deal with mental health issues.
Reasons to Buy
– Understand the employee benefits market landscape.
– Discover how perceptions of benefits differ between employees and employers in order to tailor your offering.
– Review your strategy by learning about key industry challenges and how to address them.
– Remain ahead of your competitors by understanding how the employee benefits market will evolve in the future.
Aon
Willis Towers Watson
Mercer
PwC
Deloitte
Quantum Advisory
Reward Gateway
Perkbox
Headspace
Pensionsync
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