Pension outlook drastically different for staff and bosses - Hibob

'Employers underestimate importance'

Hannah Godfrey
clock • 1 min read

A clear disconnect on pensions between staff and their bosses, with employees seeing them as a critical part of their package and employers presuming a lack of interest, has been identified by research by Hibob.

The cloud-based human resources and benefits platform found two-thirds (67%) of employees consider a pension a ‘critical' part of their package, particularly when choosing a job. Indeed, more than half (54%) ranked a pension as the most important workplace benefit. Pensions are especially popular among millennials, with almost three-quarters (71%) viewing a pension as a major part of their overall rewards package. The research also found, however, that three-fifths (60%) of employers think their staff neither care about nor understand auto-enrolment (AE), while two-thirds (66%) of com...

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