Almost nine in ten employees would like to have the flexibility to decide which benefits they will r...
Almost nine in ten employees would like to have the flexibility to decide which benefits they will receive from their employer, a new survey from Gissings says.
Latest findings from the actuary and employee benefit adviser firm show that the majority of employees find the choice over benefits important.
This comes as only 30% say they can choose which benefits they would like to receive, Gissings says.
Gissings' director of Flexible Benefits Kim Plummer says: "The results tell us what we have long heard anecdotally from our clients and those employers looking to implement a flexible benefits programme: employees like to be given some sort of choice in their range of benefits."
Insurance coverage and health-related benefits top the list over benefits employees would like to receive.
According to the survey, almost one third would like their employer to offer critical illness insurance. At the moment, only 15% of the questioned have an employer-paid critical illness insurance, Gissings says.
Twenty-six per cent would also like employers to offer health screening and 18% say they would be interested in life insurance for a spouse/partner if it would be available.
However, one in five say they would skip their holiday entitlement if they could receive cash instead – maybe reflecting the financial strain many are feeling at the moment.
On the other hand, none of the employees who receive an employer-paid pension would change that into cash.
Pensions, holidays, life insurance, private medical coverage and a car allowance top the list of benefits paid for by employers, Gissings says.
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