2017 UK Employee Benefits Survey: A Fresh Perspective on Pensions
As the pensions landscape advances, business leaders are having to embrace changing requirements and carve out a competitive edge for prospective candidates. Our survey of more than 4,000 employees and 500 benefit decision makers reveals that there are serious gaps between what employers and employees think about pensions.
See below for 3 of many questions we asked employees and 500 benefit decision makers about pensions. The numbers will surprise you.
A call to action for HR and business leaders
There is a clear need for business’ to view pensions in a different way. Individuals are showing that they care about pensions, but companies are not realising this need. Read the full report to start taking steps toward understanding your employees and what motivates them. Now is the time to make sure you have the right tools and support systems in place for pensions auto enrolment.
Here are a few of the many questions the survey sheds light on:
How important are pensions to employees and employers?
Do employees understand auto enrolment? Do they plan on extending their contributions?
Do pensions have an effect on job selection?
See what other information you might be missing and get the full report
How we know:
This data has been collected from two online surveys conducted between the 31st January and 6th February 2017 on behalf of hibob (UK) Ltd. One questionnaire was presented to 501 people responsible either solely or partially for the benefits decision making of their company, while a separate survey was given to 4,001 people employed on permanent contracts in the UK. When we mention ‘millennials’, we are referring to those currently aged 18-34.
Hi Bob (UK) Limited is not a qualified or certified financial adviser. We present the contents on an ‘as is’ basis and, to the maximum extent permitted by law, exclude all representations or warranties of any kind including, without limitation, warranties implied by statute. In addition, we do not represent or warrant that the information presented is accurate, complete or current. The contents do not provide legal, tax or financial advice and should not be used as your source for making any such decisions. We strongly recommend making all your financial decisions on the basis of professional and authorised advice.
Tamsin Fox-Davies is the Small Business Evangelist at bob (www.hibob.com), and spends her time sharing ideas & best practice around SME HR & HRTech. You can find her on Twitter (@tamsinfd), at her desk, or curled up on the sofa with one of her four dogs and a mug of hot chocolate.