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56% of staff rely on workplace benefits to buy essential items

Employee Benefits

More than half (56%) of employees rely on workplace benefits to purchase essential items, a 31% increase from the previous year, according to research by Blackhawk Network (BHN) Extras. The employee benefits provider. Younger generations are frustrated with current benefit packages.

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How can voluntary benefits support employees in uncertain times?

Employee Benefits

Employees react better to communications that they consider relevant to their personal circumstances, so employers should used targeted guidance and support about benefits available. A good benefits package is the most important thing that 42% of employees look for in employment, according to June 2023 research by benefits provider Zest.

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4 ways to effectively communicate benefits

WEX Inc.

Rather than using acronyms and technical terms, employers could use simple language and meaningful stories to help employees visualize and understand their benefits. “I their finances, their well-being, their family’s well-being,” said Hayden Goethe, senior content marketing strategist at WEX on our podcast episode.

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The 4 Best Benefits in 2024, According to Employees

Best Money Moves

Making these benefits as inclusive as possible is another factor to consider. Mercer’s 2023 Health and Benefits Strategies report shows that many employees are looking for benefits packages that include parental leave, adoption leave and elder caregiver leave.

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Benefits to support an older workforce

Employee Benefits

One form of support is a midlife MOT, which is designed to help workers plan ahead for their future finances and wellbeing. Employers can offer this tool to employees through benefits providers, while the Department for Work and Pensions has a dedicated website. This will also help to boost employee attraction and retention.

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EXCLUSIVE: Enterprise Rent-A-Car and Centrica promote benefits to support financial wellbeing

Employee Benefits

Employee Benefits Live 2023: Enterprise Rent-A-Car has supported employees during the cost-of-living crisis with a salary increase and conducted a benchmark analysis of its pay and benefits providers. It’s a simple tool that allows us to get a personalised direction on finances,” she said.

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PES Benefits

HR Lineup

By understanding the unique needs of employees and the culture of the company, PES Benefits can design tailored benefit packages that cater to both individual preferences and the broader objectives of the business.