- Benefits packages that companies offer are a top priority for UK job seekers
- Annual leave policies, flexible and hybrid working are the most attractive benefits for prospective employees
New research from Canada Life finds that over a third (34%) of UK workers, equivalent to 10.8m people, have been swayed to accept a job because of a competitive benefit, perk or company policy.
When asked which benefits and perks were most used or benefitted from in their current job, two fifths (41%) said flexible or hybrid working, a third (36%) said their annual leave allowance policy, and 21% said learning allowances.
Nearly half (49%) of those who have moved jobs in the last five years said they did not check review sites like Glassdoor before accepting their latest role. For the 44% that did check, of these, 22% sought information on company benefits. The following areas were investigated more frequently however:
- Salaries – 42%
- The company’s reputation – 34%
- Work-life balance – 30%
- Culture – 26%
After joining their most recent company, a fifth (20%) did not receive any information on their company’s benefits and perk packages, and a similar number (19%) said they took matters into their own hands and did their own research via the company’s website, in lieu of official information from their employer.
Dan Crook, Protection Sales Director, Canada Life, comments:
“Employees are clearly now viewing benefits packages as a crucial deciding factor when thinking about joining a company, staying in a role, or leaving.
Having competitive benefits packages means nothing if the employer does little to promote them to the employee – prospective or otherwise. It should be a given that new starters receive information on what is available and how to access the various benefits, but ongoing communications are also needed to ensure uptake. Reminding an employee of what is on offer, might just make the difference between someone leaving a role, or staying.
When communicated effectively, group life, group income protection and group critical illness cover, and the associated support services, are integral elements to any benefits offering.”
