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SumUp ensures it offers an age-inclusive benefits package

Employee Benefits

The global financial technology firm that provides merchants with card readers and payment solutions has more than 3,000 employees globally. Its benefits offering for UK-based employees includes the SumUp corporate pension scheme, private medical insurance and life insurance cover, which it primarily markets towards its older staff.

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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

An employer can provide short-term disability or long-term disability insurance, depending on the employee's needs. Life Insurance Life insurance is another benefit that is an essential part of the benefits package. Pension Plans A pension plan is a benefit for employees.

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

Employee Benefits

Organisations should consider more flexible options including part-time hours term-time work, career breaks and four day working weeks to support their talent management strategy. Covid-19 has underlined the importance of health, increasing demand for products such as life insurance and wellbeing. Benefit variety.

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

cipHR

One in six (17%) has made further ‘savings’ by cutting back (or cancelling) their personal insurance cover, such as income protection, life insurance, and medical or dental insurance, and one in seven (14%) has reduced their pension contributions – decisions which may prove to have costly consequences in the future.

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