Life assurance and income protection remain among the top five most important benefits to employees.
But just 6% of staff receive income protection and 9% get life assurance as part of their benefits package, according to research by Canada Life Group Insurance.
A pension is still the most important benefit to employees and is one of the most commonly received (offered by 52% of employers). A good holiday package, received by 42% of staff, has risen to second place up from third position in 2009.
Paul Avis, sales and marketing director at Canada Life Group Insurance, said: “In a tough marketplace where employers are working hard to retain their top talent, they need to close the difference between the benefits they offer and what employees actually want.”
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