Recent research by YouGov, the UK’s market leader in collating opinion data, has illustrated the current disconnect between employer and employee attitudes towards Employee Benefits. As highlighted by the findings below, prospective and current staff place a high value on the levels of benefits such as pensions offered, in determining whether they join or remain with a company. Human Resource directors have indicated that their companies do not place the same emphasis on these benefits when considering attracting, retaining and motivating a quality workforce.
A large proportion of Channel Island firms do not offer any benefits such as company pension, private medical insurance or death in service benefits. Of those firms that do offer benefits, there are also a large number offering schemes and services that are not fit for purpose as they either do not offer the options required or provide inferior choice and performance.
Vantage is well equipped to support companies’ employee engagement strategies through our wealth of experience and expertise in the Employee Benefit industry. Our flexible services can be designed and tailored to provide the oversight and governance required by firms and also the face to face advice and support appreciated by both employers and employees.