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09 Dec

1 Out Of 7 Employees Are “Unaware” Of Their Employee Benefits

 Question

A recent YouGov survey commissioned by Friends Life has found that 15% of the UK’s workforce doesn’t know about the employee benefits available to them.

 

Workers are being kept in the dark about the employee benefits available to them according to a recent YouGov survey of 12,260 UK adults. 15% of workers were “unaware” of their employee benefits which equates to a massive 3.7 million workers across the UK who don’t know what financial products their employers provide as an employee benefit.

Despite the large number of workers which were unaware of the employee benefits they were entitled to, the research did reveal that workers do indeed care about financial products and would like to receive corporate pensions as well as group risk products such as life insurance, critical illness cover and income protection.

There could be a number of reasons why employees aren’t fully aware of the employee benefits provision in their company, but lack of communication from human resources has been outlined as the key reason why some workers didn’t know enough about their staff benefits.

Friends Life’s group protection proposition chief Anna Spender commented: "It's got to come down to communication. Employees need to know what's on offer and how it can help them.”

Spender noted that employers can only make the most of employee benefit schemes if they advise their staff on the employee benefits that are available. She said: "Not only are workers potentially missing out on really valuable benefits, but employers aren't getting the full value of the package they're offering.

"If employees don't even know they're available employers aren't maximising the good will these benefits can create in staff,” she said.

Photo credit goes to Instant Vantage 

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