Corporate Adviser
  • Content Hubs
  • Magazine
  • Alerts
  • Events
  • Video
    • Master Trust Conference 2024 videos
  • Research & Guides
  • About
  • Contact
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG
No Result
View All Result
Corporate Adviser
No Result
View All Result

Employers ‘vastly overestimate’ staff awareness of benefits

by Emma Simon
October 31, 2023
Share on FacebookShare on TwitterShare on LinkedInShare on Pinterest

Only one in five (21 per cent) of employees say they have a good understanding of all the health and wellbeing benefits they’re offered according to new research by Group Risk Development (Grid). 

But the research also indicates employers vastly over-estimate engagement and understanding levels. Almost six out of 10 (57 per cent) of employers say their staff are full aware and fully understand the employee benefits available. 

Grid says that improved communication is needed to bridge this gap. However again their appears to be a disconnect between what employers are doing and how this is perceived by they staff. 

The research found only one in four (27 per cent) of employers say they improved communications about staff benefits in the last 12 months. However, only 16 per cent of employees said they thought their employer had improved their communications to staff about this issue over this period. 

Grid spokesperson Katharine Moxham says: “There is a clear disconnect between how well employees understand their benefits in practice, and what employers believe. The answer probably lies in communication: good communication is likely to lead to better awareness, understanding and engagement.”

She adds: “The communication of benefits is not a once and done, it is a rolling activity that needs constant consideration and energy to achieve results, otherwise the risk is that employees stop listening. 

“Employers would do well to discuss possible strategies with their benefits providers and advisers: they will have experience about which approach is most effective in different workplace environments and for different cohorts of staff.”

Grid found that the most popular method used by employers to communicate employee benefits is via email (39 per cent), followed by staff welcome packs (31 per cent) and staff handbooks (28 per cent). However, Grid suggests that employers would benefit from making use of a broader range of channels and mediums to increase engagement. Only 12 per cent of employers said they communicate benefits at promotional fairs or drop-in sessions, just 14 per cent do so by total reward statements and 16 per cent via post to a home address.

Moxham adds: “Employers should be loud and proud of the benefits they offer their staff. They need to communicate in a way that works, utilise a mix of channels, and to communicate regularly.

“Creating a buzz around the support available means staff will be much more aware of what is on offer and allows staff to get a deeper understanding of the benefits they receive and really engage with them.”

 

VIDEO

Corporate Adviser Special Report

REQUEST YOUR COPY

Most Popular

  • Howden and Barnett Waddingham profile: Consolidation drive

  • Scottish Widows, Fidelity and Hargreaves swerve Mansion House Accord

  • 5pc of assets in UK PE: 17 providers sign Mansion House Accord

  • Consultants and trustees voice concerns about Mansion House Accord

  • Rapid asset growth sees 9 providers pass £25bn mark: CA Master Trust and GPP Defaults report

  • Towergate Employee Benefits to rebrand as Everywhen

Corporate Adviser

© 2017-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy policy
  • T&Cs
  • Contact

Follow Us

X
No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.