No workplace benefits for nearly nine million workers – wise up employers!
In a article published in, Paul Avis, Sales and Marketing Director at Canada Life talks about how employers need to re-think their benefits policies.
At Enjoy Benefits we provide each of our client, regardless of size with the right benefits to suit the needs of the business and their employees. Offering employees additional benefits and other ways to take salary such as childcare vouchers, bike to work and car parking season tickets, saves the business money and makes a significant difference to the finances of each employee.
Nearly nine million workers do not receive any benefits from their employers at all and with upcoming changes such as auto-enrolment, employers may well have to re-think their no-benefits policies, according to research published today by insurance firm, Canada Life.
The research revealed that almost a third (31%) of workers state they would like access to more benefits from their employer. Women (32%) are the most likely to receive no benefits, compared to (27%) of men.
The research, which polled over 1,600 UK employees, found a fifth feel the kind of benefits offered by their employer will only increase in importance following upcoming changes such as auto-enrolment, which makes the provision of a workplace pension mandatory.
Paul Avis, sales and marketing director, Canada Life Group Insurance, said: “It is disappointing that almost a third of workers do not believe they receive any workplace benefits at all.
“They may well feel that they are lacking in the support or recognition that they deserve, and with upcoming changes such as auto-enrolment putting workplace benefits firmly in the spotlight, they are even more likely to notice this.
Avis added: “It’s good to see a large proportion are already enrolled in a workplace pension ahead of the final stages of auto-enrolment, as they will be used to the retirement saving habit. However, it is vital that more workers are covered should they become seriously ill or injured, as government benefits and savings are not enough.
“Now is the perfect time for employers to decide with the help of an advisor what kind of benefits they could be offering their workers and, if they have any existing benefits, how to make these stretch further.
“It won’t just benefit employees, but businesses too, as happy, healthy and secure workers are far more likely to be productive.”