Rising employment costs may lead to greater benefits scrutiny
From April 2025 the National Living Wage will rise from £11.44 to £12.21 an hour.
Employer National Insurance will also increase from 13.8% to 15%, alongside a reduction in the income level at which employers start paying NI – from £9,100 to £5,000.
Combined, the impact of these changes will run into the millions of pounds for employers.
There has already been much discussion about how employers can mitigate these higher costs, such as introducing salary sacrifice schemes.
However, it is likely that benefits will come under increasing scrutiny to prove ROI.
Demonstrating how successfully health and wellbeing benefits are supporting employees to stay healthy and productive, as well as acting as an attraction and retention tool will become even more important.
It’s a key theme that runs throughout REBA’s tenth annual Health & Wellbeing Survey.
So far, more than 200 companies including B&Q, Beazley Management, Diageo, EDF, Fujitsu, Inchcape and Wolseley UK have taken part.
Join them now to stay ahead in 2025.
Taking part in the survey will enable you to:
1. Benchmark your health and wellbeing strategy against 150+ top employers
2. Learn how your peers plan to manage PMI costs in 2025 and beyond
3. Reveal the key areas of spend for mental and physical health benefits in 2025
4. Discover the preventative health measures others are implementing and why
5. See how others measure the effectiveness of their health and wellbeing spend
6. Uncover how digital health services are transforming health and wellbeing strategies.
Take part in this 10-minute survey anonymously to ensure you’re getting the most from your health and wellbeing strategy.
