Almost one-third of workers in the UK do not receive any employee benefits at their organisation, with women the least likely to be rewarded.
This is according to new research conducted by Canada Life Group Insurance, which found nine million individuals – 30 per cent of the nation’s workforce – are in this position, despite the fact 31 per cent would like more recognition. In addition, 20 per cent of respondents stated they believe changes like auto-enrolment could increase the importance of any benefits offered by an employer.
Paul Avis, sales and marketing director of Canada Life, said he is disappointed to find that such a high percentage of staff in Britain do not receive workplace benefits.
He remarked: “They may well feel that they are lacking in the support or recognition that they deserve and with upcoming changes such as auto-enrolment putting workplace benefits firmly in the spotlight, they are even more likely to notice the lack [of benefits].”
The report revealed that among the participants who are rewarded at their company, a pension with employer contributions was the most commonly received, as it was found to be in place for 47 per cent of people.
Meanwhile, 39 per cent of workers had been granted more than 28 days holiday and 36 per cent were provided with a life insurance or death-in-service policy. Just five per cent claimed their employer had given them free gym membership and four per cent stated they can receive a lump sum of cash towards critical illness cover.
Mr Avis said now is an ideal time for managers to decide – with the help of an advisor – what benefits and savings plans they could offer their staff and how to make existing schemes stretch further.
He was quoted by HR Magazine as saying: “It won’t just benefit employees, but businesses too, as happy, healthy and secure workers are far more likely to be productive.”
This comes after a recent study published by insurance firm Aviva announced 90 per cent of companies that introduce health benefits experience greater productivity and motivation.