5 Things The Employee Benefits World Taught Us This Week – March 27th
This column updates readers on recent UK employee benefits news each week and this week is no different. Below we list this week’s five main employee benefits stories.
1. Only 15% of upcoming retirees have a plan
Research from Fidelity Worldwide Investment has found that of employees planning to retire within the next year, only 15% have a clear plan in place. 500 such employees were surveyed and it is certainly worrying that so few have done any research yet or looked into retirement planning advice.
2. Employees think their employers have a duty for health and wellbeing
More than half of employees in the country think that it is their employer’s responsibility to, at least partly, help look after employee health and wellbeing. Employers, on the other hand, don’t appear to be embracing this with just 35% of employees believing their employer feels the same way.
3. Few SMEs support shared parental leave
A poll by Slater & Gordon has found that as few as 14% fully support the new regulations for shared parental leave that will come into force on April 6th. 44% said they were worried about the impact of the new rules on their business.
4. Businesses that weren’t paying at least minimum wage have been named
48 employers were named and shamed this week for not giving all staff the national minimum wage. In October 2013 the government announced its plans to name those companies that failed to pay the minimum wage and this recent announcement is part of that strategy.
5. One in five workers base decision to accept job on family policies
Recent research from car rental company Enterprise has found that business’ family and parental policies are massively important for employees looking at various jobs. It surveyed 2,012 people and found that one in five has in the past either accepted or rejected a job because of its parental policy.