FLEXIBLE BENEFITS
Flexible benefits is key to attracting staff
Seven in ten employees would prefer to work for an organisation which can offer a choice of benefits rather than a fixed package, according to a new survey by employee benefit specialists Youatwork.
The survey of 1,000 employees across the UK found that nearly two-thirds of workers (63%) would like more control and choice over the benefits they are offered.
Customised packages
The Youatwork research highlights the benefits that are really valued by employees at different stages in their careers or in different locations across the country. Two-thirds of workers (67%) would like to change their benefits to suit their own lifestyles. Increasingly, they would prefer a diverse range of products and services according to their age and job location.
Workers in Greater London are by far the "most demanding" workers in the country:
A final word
"While employees still want the comfort of benefits which will be realised in the long-term, there is increasing demand for material incentives that reflect individual lifestyles. Offering this level of control and choice to staff not only creates a competitive advantage for the employer, but helps to boost morale and loyalty amongst employees." - Gerry Callaghan, managing director, Youatwork.
Want to know more?
Youatwork is the online employee benefits service from Royal & SunAlliance. It offers a "cost-effective range of human resources solutions to employers of all sizes". These include an employee discounts scheme, benefit management, eHR and interactive flexible benefit systems which are available either individually or grouped together.
For more details email: customerteam@youatwork.co.uk or visit www.youatwork.co.uk