UK - Workers would choose a non-contributory pension over extra holidays, a company car or private health cover, a study by KPMG reveals.
The accountancy giant’s research shows that a non-contributory scheme is a greater incentive to stay with a firm than two days more holiday a year, private health insurance for the employee and his or her family or a new company car.
Around 12% of the 2000 respondents said they would choose a non-contributory pension over 5% more pay.
KPMG partner David Friars believes the responses reflect lower job security and a greater awareness of the value of pensions.
He said: “Employees are seeing a solid level of pension provision as a valuable asset when it is clear they are unlikely to be able to remain in their primary career beyond their 50s.”
Some 42% of respondents said a 5% pay rise would provide the biggest incentive or enhance their commitment to their job.
This was followed by 22% who opted for flexi-hours or the option to work from home.
Private medical cover for the family was a top choice for 11% of respondents, followed by 7% who chose a new company car and 5% who wanted an extra two days’ holiday a year.
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