Employee Benefit Schemes

Small Businesses Now Believe Offering Employee Benefits Will Increase Productivity

Small Businesses Now Believe Offering Employee Benefits Will Increase Productivity

UK small businesses are beginning to realise the benefits of offering employees additional benefits, according to a report by MetLife. The MetLife Employee Benefit Trends Study 2017 has revealed that just a quarter of UK small enterprises still don’t offer any added incentives to their workforce, with 76% of these firms planning to reserve this in the future. When quizzed about their reasons for a more positive change of policy, 66% of respondents said they believed it would increase productivity, while 64% said enhancing wellness was a deciding factor why they changed their mind. Around 63% said such perks would help with recruitment while 61% believe they would help with the retention of key staff. How To Spot The Signs Of Poor Employee Mental Health At Work Business owners have also bee... »

Employee Benefit Schemes Motivate Staff

In the last couple of years employee benefit schemes have become increasing popular with UK employers. Tighter financial constraints have made it harder to justify pay rises and a greater sense of consumer consciousness in society has meant employees are now more demanding with regards to how they are treated by the organisations they work for. Many employers have realised that their people are their most important asset. Recruiting new members of staff can be very expensive and not just financially. The disruption of taking people out of their daily routines to interview and then train a new member of staff can have a massive knock on effect in slowing down work and delaying deadlines. Holding on to high performers is also an essential part of organically growing an organisation as it ens... »