Employers fail to recognise importance of group risk benefits to staff


Employers underestimate the importance of the benefits they offer staff after new research revealed half of employees would move jobs for better benefits.

Group risk benefits were also highly valued by employees but not commonly offered by employers. Canada Life's study of the most commonly offered benefits by employers and those most highly valued by employees also found that better benefits would tempt 52% of staff into moving jobs. Although both parties agreed on the top two benefits - a pension (1st) and increased holiday allowance (2nd) - the next six varied considerably, with employers excluding all group risk products aside from death in service (4th). However, employees said that income protection (IP) was the third most impo...

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