How the employee benefits landscape is evolving
Six in ten (56%) UK employees would switch roles for an improved workplace benefits package and almost half (47%) say that a good benefits package is the most important thing when they look for employment.
The figures simply confirm the recent trend in Zest’s 2024 Employee Benefits Report that employees have been placing increasing value on their benefits package.
Last year, amid a particularly tough economic backdrop, Zest’s findings unveiled an unwelcome spectre of inadequate benefits packages.
Almost almost six in ten (56%) employees admitted they were not using the benefits on offer to them and four in ten (39%) said that the benefits on offer to them were completely irrelevant to their personal situation.
This year, Zest has commissioned Opinium to survey 500 HR leaders and 2,000 UK adults to further understand how, if at all, the employee benefits landscape has improved and whether employee demand has shifted.
The latest report suggests initial progress has been made.
Employers seem to have made some positive changes, pushing on with investment in benefits packages, better matching general employee demand for wellbeing support and aligning on the future of work.
However, there remains a clear disconnect between what is that employees want and what it is that employers are offering with some of the starkest disconnect surrounding levels of personalisation and communication employees are now expecting.
In a world where growing value is now placed on employee benefits, and where employees aren’t afraid to move to get what they want, the bottom line is that organisations who fail to meet the needs of their employees are at risk of missing out on the best talent.
Read the full 2024 Employee Benefits Report available here.
In partnership with Zest
Zest is the next generation platform that’s reinventing the world of employee benefits.
