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What role does private medical insurance play in today’s benefits packages?

Employee Benefits

Need to know: Employers want to provide private medical insurance (PMI), even if it means reducing cover. More want to offer at least a measure of benefit to the whole workforce. Essential benefit The insurance enables scheme members to bypass the 7.6 Low-cost schemes with major exclusions are popular.

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Importance of Employee Benefit Package And Why it Matters

HR Digest

A strong employee benefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. What do you want to achieve with the employee benefit package 2.

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59% of British workers feel unhappy with their benefits packages

Employee Benefits

Almost six in 10 (59%) British workers feel unhappy, dissatisfied, highly dissatisfied or neutral with their benefits packages , according to new research. As many as 49% are optimistic that they will receive a salary increase in 2024, and 70% of employers plan to increase salary offers in 2024 for certain in-demand roles.

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85% of employers plan to further enhance their benefits packages

Employee Benefits

The majority (85%) of organisations plan to enhance their benefits packages for employees, according to research by HR and employee benefits consulting services firm Gallagher. Voluntary benefits such as bikes-for-work schemes have increased to 75% from 73% in 2022, while gym memberships rose to 45% from 34%.

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How to Build a Competitive Benefits Package

An attractive benefits program can be a highly effective recruiting and retention tool. But to make benefits a competitive advantage, employers must get creative with their benefits strategy or risk losing out on the best talent. More than half of employees say benefits are a top consideration before accepting a job.

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Do total reward statements still engage employees with their benefits packages?

Employee Benefits

Credit: Julia Sudnitskaya / Shuuterstock.com A total reward statement provides an overview of an employment package and its value. A personalised benefits package can help to engage employees with their benefits because it is specifically relevant to them.

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Podcast: Superdrug offers a comprehensive benefits package to meet staff wellbeing needs

Employee Benefits

She subsequently took on a labour strategy and employer engagement role which involved all things wellbeing, inclusion, and reward and recognition. ” The post Podcast: Superdrug offers a comprehensive benefits package to meet staff wellbeing needs appeared first on Employee Benefits.