The proportion of employees saying they were more likely to stay with an employer if they had good benefits has fallen almost ten percentage points in two years.
According to Capita Employee Benefits' Employee Insight Report 2015, two thirds (66%) of 3,001 employees said they were more likely to stay at their employer due to a good benefits package - down from 74% in 2013.
A pay rise was the most popular (52%) way to make employees feel more valued, while 25% would feel more valued with a thank you.
Financial wellbeing was split with 28% feeling better off since 2014 and 26% worse off. However 42% of those aged 16 to 34 felt better off.
Struggling to keep on top of day-to-day expenses was reported by 22% of employees surveyed, rising to 29% of those aged 25-34.
Three quarters of employees said they had felt stressed at work in the last twelve month, with 82% of 16 to 24 year olds reporting stress; 19% had taken time off work as a result.
Just 42% of employees said they thought their employer would be understanding and that they could take time off work for metal health issues and only 33% would feel comfortable talking to their employer about it.
Capita Employee Benefits head of marketing and research Robin Hames said: "Key themes that emerge from the report are rising confidence among employees in terms of financial outlook and an increasing desire of employees to be treated as individuals in the context of benefits and the workplace."
The technology to improve employees’ wellbeing is already here. But it is now in employers’ hands to make sure it is used to create successful corporate wellness programmes
Here they are - the winners of the Workplace Savings and Benefits Awards 2020...
Here they are. The finalist lists for the WSB Awards 2020.
Almost all (92%) employers would consider setting up a workplace savings scheme in addition to a pension in light of recent market turmoil caused by Covid-19, Cushon finds.
There are just a few weeks left to enter this year's Workplace Savings and Benefits Awards.