The Employee Benefits / Towers Watson flexible benefits research 2014 rounds up the latest workplace pensions issues and explores how employers can support their staff in saving for their retirement.
Read the digital edition of the Employee Benefits / Towers Watson flexible benefits research 2014.
The supplement includes the following articles:
Paul Brown: Fit-for-purpose and well-communicated benefits engage staff
Clare Bettelley: Employee engagement drives flexible benefits growth
Employee Benefits Flexible benefits research 2014: Key findings
Flexible benefits most successful in optimising tax and NI savings
Staff engagement is main objective for flexible benefits
Flexible benefits communications have improved
Cost remains primary barrier to flexible benefits
Proportion of employers offering tax-efficient benefits through flex is rising
One-third of flex plans allow staff to use salary sacrifice
72% offer whole workforce access to same flex plan
Europe tops regions in which employers are considering flex
Increasing number of employers offer more than 20 benefits via flex
Salary sacrifice cars to see big growth in flex
Emergency eldercare will be fastest-growing flexible benefit
86% of employers offer childcare vouchers
Auto-enrolment has minor impact on flexible benefits plans
28% with flex scheme used it to manage auto-enrolment
Employers with 1,000+ staff most cost-conscious about flex
84% monitor the cost of flexible benefits
HR increasingly keeps flex savings for its own projects
41% of respondents segment flex communications
Online benefits portal is top flex communication method
Read the digital edition of the Flexible benefits research 2014.
Emergency Eldercare? Grey is the new Green!
We are only at the very beginning of a seismic shift in how organisations and their employees recognise and deal with the challenges of our ageing society and ageing workforce.
We predict Age Mangement (at corporate and personal level) and new benefits for specific generational needs as the next major growth area.
The progressive organisations we deal with are interested in not only the reactive ’emergency’ services, but what they can do proactively to convert their various workforce ageing challenges into a business opportunity.
Many companies think ‘ageing issues’ only relate to older workers and are therefore massively underestimating the impact our ageing demographic is having on their bottom line.