One of the UK’s leading providers of employee benefits, Busy Bees Benefits, has revealed that 65 per cent of employers believe incorporating additional employee benefits to standard packages can increase staff retention and ‘strengthen’ their brand.
The study, which was conducted in May, set out to investigate the needs of employees within the workplace and what part employee benefits can play in this. Further analysis discovered 75 per cent of employer respondents provide additional benefits to all staff; as well as 54 per cent claiming that they have helped fund benefits within the workplace through payroll deductions – either as a salary sacrifice or a ‘voluntary purchase’.
Managing director of Busy Bees Benefits, Wojciech Dochan, said: “A clear message emerges from this research. With state support under pressure, employees across the UK want cost-effective support and access to protection that will plug the gaps in both public and private healthcare and provide extra financial wellbeing support at a time when they may be unable to work.”
He continued: “At Busy Bees Benefits, we believe our flexible approach to providing benefits, puts us in a strong position to support employers and their staff. Our focus to date has been to help employers deliver a wide range of cost effective salary sacrifice solutions. We welcome dialogue with liked-minded employers who want to take this opportunity.”
In regards to care and health-related benefits, 69 per cent respondents say they are worried about their long term health and are concerned about what support will be available to them in the future of the state; in light of the working age increase and the overwhelming demands on the NHS.
Learn more about Busy Bees Benefits here