Remove 2022 Remove Employee Benefits Remove Life Insurance Remove Pension
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36% will work past state pension age to cover daily expenses

Employee Benefits

More than a third (36%) of British employees will continue working past state pension age because they do not think their pension will cover their day-to-day expenses , according to research by Canada Life. million employees. Meanwhile, 34% have been swayed to take a job because of a competitive benefits package.

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Aster Group ensures its benefits align with employees’ needs

Employee Benefits

It provides access to a healthcare cash plan , an employee assistance programme and life insurance for up to three people. Additional voluntary benefits include private medical insurance, payroll giving, bikes-for-work, critical illness cover, a cash plan upgrade options and the choice of two pension schemes.

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How will the ‘Great Resignation’ change employees attitudes to employee benefits?

Employee Benefits

Pay is one way but employee benefits and reward packages are another major focus. Flexible working, mental health and social value are all in demand but some are questioning the use of more ‘gimmicky’ benefits. Instead, reasonable remuneration packages must work in tandem with additional rewards programmes,” she says.

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Just 13% of UK staff feel benefits align with their needs

Employee Benefits

Two-thirds (65%) find benefits important for financial wellbeing, up from 53% in 2022. Meanwhile, 83% recognise a need for improved insight and analytics across benefits spend and take-up, but less than half use data to assess the impact of benefits on employee wellbeing, gather feedback, or to measure benefits engagement and take-up.

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Zuto prioritises financial and mental wellbeing with comprehensive benefits suite

Employee Benefits

During the pandemic, we increased our mental health support and we’re now focusing on financial wellbeing to help employees during the cost-of-living crisis.” Creating a culture where employees feel able to ask for help if they are struggling is also important, especially as Zuto was awarded B Corp status in 2022.

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How can employers ensure reward and benefits enhance the employee experience?

Employee Benefits

Reward and benefits can be used to demonstrate an organisation’s values, with examples including environmental, social and governance (ESG) default funds on pensions and electric car schemes. Changing employee expectations coupled with challenges attracting and retaining talent are forcing organisations to focus on reward and benefits.

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Two in five people are working extra hours as cost-of-living crisis bites

Workplace Insight

A new poll suggests that the continuing cost-of-living crisis is now affecting a greater proportion of employees, with more people working extra hours, more struggling to buy food or pay their bills, and fewer being able to afford to take sick days, compared to mid-2022.

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