Over half of employees ‘highly value’ workplace benefits

Financial wellbeing is emerging as a key challenge

Employees are increasingly recognising the value of their workplace benefits, research suggests. A recent Employee benefit trends study found 55% of employees highly value the benefits they receive at work – an increase of 25% on the 2015 findings. Four in 10 (38%) employers are very satisfied with the impact of wellbeing programmes, compared with 21% in 2015, and around 87% who took part in such programmes said they have had a positive impact on their health. More than half of employers (52%) said they understand the personal financial pressures on their employees, which is driving the issue of financial wellbeing higher up the corporate agenda. Three quarters (73%) of employers are using benefits to attract new talent compared with 61% in 2015, with nearly half of the firms (46%) saying they expect a talent shortage in the next 12 months. Excerpt from Health Insurance Daily.