Employers are often looking at new ways to motivate, engage and retain their employees. And employee benefits could be one of those ways. With so many benefits on offer, it can sometimes be difficult to know what appeals to employees the most. And, besides the nice to haves, such as onsite yoga classes or doggy daycare, what is it employees really need?

As part of our latest research, we asked employees what benefits they would like their employers to offer them in 2020. Here were the top 10 results:

1. Flexible working
2. Increased employer pension contribution
3. Paid emergency/sick leave for dependents
4. Paid private medical healthcare
5. Option to buy and sell holiday days
6. Unlimited holiday allowance
7. Mental health support
8. Financial wellbeing benefits
9. Discount vouchers
10. Onsite gym or employer paid gym memberships

More now than ever before has the need for flexible working been so important. And, although our research was conducted before the recent pandemic, it’s clear to see that flexible working should be a vital part of any employer’s benefit strategy.

Our research also showed that pensions are incredibly important to employees with 28% saying they would like increased employer contribution. So, although all employers have to issue workplace pensions, understanding the true value to employees is key to a successful benefit package.

Also amongst our findings, employees wanted holiday perks, mental health support and financial wellbeing benefits. But as one size does not fit all and different employees require different benefits, it’s important to offer a range of benefits that works for your organisation.

To find out the full results of our research, download a copy of the white paper here. And, if you would like to find out more about how Secondsight can support your organisation with their employee benefits and communications, contact us today.

 

Information correct as of 14/05/2020

Secondsight is a trading name of Foster Denovo Limited, which is authorised and regulated by the Financial Conduct Authority.