Insight Details Banner Image

Many employees 'expect better benefits'

Wednesday 11 April 2012 by

People working in trust jobs may be among those who have different expectations than their bosses of what their benefits package should include.

According to a study conducted by Canadian Life, there is a large "values gap" between what staff want from their employer and what is actually offered in many cases.

While they agree on items such as pension schemes and more than 28 days holiday a year, workers and bosses are out of step on many other incentives, such as critical illness and redundancy cover.

Despite the fact that more than half of workers would be tempted to switch jobs to find one with a better package, employers are underestimating how important such benefits are to staff.

Director of sales and marketing at Canada Life Paul Avis said: "There is a real opportunity for employers to set themselves apart from their competitors."

He added the research showed employees are looking for income protection-related schemes rather than commonly-offered bonuses such as shopping discounts. 

One way to help motivate staff may be to offer flexible working, as it was recently stated by Shirley Borrett, development director at the Telework Association that many workers and business could benefit from this.