A research firm has revealed that companies that are reviewing their employee benefits packages are also the ones most likely to scrutinise the health benefit cover they provide.
The survey, which polled 356 organisations, revealed that health benefits ranks as one of the most popular benefits on offer by companies with 75 per cent of respondents offering private medical insurance. Childcare vouchers proved to be the most common and popular benefit with almost 90 per cent of employers offering it.
Pay and benefits editor for XpertHR, Sheila Atwood, said whether deciding to offer the best package to current and future employees, or to make cost and efficiency savings, many organisations are reviewing their benefits packages this year. The focus of these reviews is on improving what is there through increasing the value of current benefits or introducing new ones.
Within the UK, the most popular benefits on offer from employers are, in order:
1. Childcare vouchers offered by 88 per cent of companies
2. Private medical insurance offered by 74 per cent of companies
3. Free car parking offered by 73 per cent of companies
4. Employee assistance programme or counselling service offered by 71 per cent of companies
5. Long service awards offered by 67 per cent of companies
The research shows that companies are seeking out the best way to reward employees in a manner that is most cost-effective. Cycle loans were also shown to be a popular benefit with pension contributions also featuring heavily.
Become a Recruitment Genius
The induction process can be a daunting prospect for both the manager and the employee, with lots to remember from…
Making A Job Offer
This is one of the best parts of the recruitment process, as you are able to give the candidate the…
Effective Reference Checking For Prospective Employees
Reference checking is typically considered time-consuming and ineffective. However this is generally because companies adopt the wrong approach. Recruitment Genius…
Illegal Interview Questions
As an employer there are plenty of questions you are entitled to ask at interview. However, there are many questions…
Effective Interview Techniques
Whilst interview techniques will vary depending on the amount of time you have and the position you are recruiting for,…
Shortlisting Candidates for Interview
Whilst short-listing can be a time-consuming process, it is also an exciting moment when you get to meet the potential…
Could Application Forms & Career Portals Actually be Damaging Your Recruitment Campaign Prospects?
Career portals start with the best of intentions – to differentiate you as an employer of choice, underline your employer…
10 Tips To Improve The Success Of Your Online Recruitment Advertising
Online recruitment has revolutionized traditional advertising. You can now truly measure your return on investment and identify the most effective…
Secrets To Online Recruitment Success
Online job sites are arguably the most effective way to reach a wide range of candidates simply because they are…
Choosing The Best Online Job Boards
If you do not choose the best online job boards, then your recruitment campaign runs the risk of immediate failure.…
Selecting The Best Online Recruitment Company
The good news is that the age of expensive, poorly targeted newspapers and print media is pretty much dead. But…