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13/10/2016
A desirable work location, job security and getting along with colleagues are the main reasons for career contentment, research by Canada Life Group finds. However, over half of those looking to move jobs in 2017 are seeking better pay, in some cases due to stress and anxiety caused by money troubles. The authors suggest such anxiety can be mitigated by employee benefits focused on wellbeing and work-life balance, including employee assistance programmes which are often provided as part of group income protection benefits. Its research finds that the communication of employee benefits is poor, with 27% of employees never having been told about the benefits provided to them.
Paul Avis, marketing director of Canada Life Group, said:
‘Group benefits are an effective retention and recruitment aid – with staff saying they would move jobs for benefits like group income protection – and are more affordable than employers think. But all the advantages are undone if they aren’t properly communicated – it’s crucial that employers regularly let their staff know the benefits that are being provided for them, proving they value their employees.’