65% of employers believe that offering
employee
benefits strengthens their brand!
benefits strengthens their brand!
Busy
Bees Benefits is one of the UK’s leading providers of employee benefits in the
UK. Our recent research has highlighted
that 65% of employers believe that offering additional employee benefits can strengthen
their brand and help with staff retention. Also the research showed that
employees are concerned about their future health care needs.
In May
2016, as part of Busy Bees Benefits on-going dialogue with employers and
employees, we set out to gain further insight
into the challenges faced by employers whilst also taking into consideration the
needs of employees within the workplace and what part employee benefits can
play in this. Our research findings
within this area showed:
Employer research finding results:
Employer research finding results:
·
65% of employers believe that the provision of employee benefits help
their business to be seen as a good company to work for. In addition, the
provision of benefits helps to retain and attract new staff to their brand.
·
Also, 75% of employers sampled said that they do provide additional
benefits to all staff.
·
54% of employers surveyed said
that they have helped fund benefits within the workplace through pay roll
deductions, either as a salary sacrifice or a voluntary purchase!
Within
the research carried out by Busy Bees Benefits, we also looked at the link
between people’s private spending on health and wellbeing protection against
what they have access to within the workplace.
Employee research finding results:
·
69% of employees surveyed said they were worried about their long term
health and are concerned about what support will be available to them in the
future from the state due to increases in the working age and the ever
increasing demands on the national health!
·
The main diseases and illnesses that caused the main areas of concern
are:
Cancer, Heart attack and Strokes. However, our respondents were also concerned about Dementia and Alzheimer’s.
Cancer, Heart attack and Strokes. However, our respondents were also concerned about Dementia and Alzheimer’s.
Research
summary:
The message from the research is clear, employees want
simple and effective products that will support them at a time of need. They also
want access to products that give them tangible benefits. Inertia plays a large
part in people not purchasing employee benefits, with 61% of those interviewed
just not having got round to it. There is therefore a huge role for employers
and their suppliers such as Busy Bees Benefits, to better engage with staff by providing
practical support that will raise awareness of products and simultaneously explain
how they work.
Wojciech Dochan Managing Director of Busy Bees Benefits, said:
Wojciech Dochan Managing Director of Busy Bees Benefits, said:
“A clear
message emerges from this research. With state support under pressure,
employees across the UK want cost-effective support and access to protection
that will plug the gaps in both public and private healthcare and provide extra
financial wellbeing support at a time when they may be unable to work.
At Busy Bees
Benefits, we believe our flexible approach to providing benefits, puts us in a
strong position to support employers and their staff. Our focus to date has
been to help employers deliver a wide range of cost effective salary sacrifice
solutions. We welcome dialogue with liked-minded employers who want to take
this opportunity.”
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