Baker Stuart’s Insight: According to new research, growing recognition of the positive impacts of job perks means that almost half of UK HR practitioners are planning improvements to their employee benefits programmes.
According to Gallagher’s Benefits Strategy & Benchmarking Survey (registration required), 45 percent of HR practitioners are planning changes to current employee benefit offerings amid a highly competitive labour market. The survey shows an increasing number of organisations are fully aware of the measurable impact that benefits have on engagement and productivity. Among HR practitioners planning changes, 72 percent are seeking to enhance benefits, thereby improving their employer brand and becoming more competitive in recruitment. The second-most popular planned change is improving flexibility in benefits, with 47 percent attempting to bolster flexible options to extend individual choice.
“While cost is always central to business performance, we are seeing a shift in the market as employers are having to compete for talent in a very diverse workforce,” said Leslie Lemenager, President of Gallagher’s International Employee Benefits Consulting and Brokerage. “The fact that 47% of organisations are aiming to enhance flexibility in benefits […]