Fleet House, 59-61 Clerkenwell Road, EC1M 5LA CA Technologies helps parents out with an on-site Montessori daycare facility. Others cited the importance of greater recognition, holiday allowance, and a boss who understands that family comes first. This is different from payment protection insurance (PPI), which only pays a specific bill such as your mortgage. Home » Running a Business » Employing & managing staff. Share. Yet there are so many employee benefits to choose from. The insurance company gives employees an additional day's holiday for Christmas shopping. If you want to get a feel for how much your benefits package is worth, a useful online tool is The Perkulator. 77% of HR managers surveyed by Project Time Off saw better productivity and higher quality of work from employees who used their vacation time (as opposed to those who forewent their time off), and 78% perceived an overall increase in job satisfaction among vacation-taking workers. 18% of men consider themselves very happy with the company benefits they receive, whereas women are less happier with the work benefits – only 14% of women consider themselves very happy. More than a third of employees admit perks and benefits are amongst their top consideration before accepting a new job, according to a survey of more than 1,000 people by Glassdoor, a recruiting website. For example, if there are a lot of young mothers, childcare vouchers are likely to be popular, whereas a company made up of young single men is more likely to value gym membership. Skyscanner, a website which enables people to find comparisons for flight, hotel and car hire, has negotiated employee discounts at the local pub and beauty salon. Create a commenting name to join the debate, There are no Independent Premium comments yet - be the first to add your thoughts, There are no comments yet - be the first to add your thoughts. If a company is looking at introducing new benefits, it might be a good idea to offer two or three practical options and see which is most popular, rather than simply asking: ‘What do you want?’. In designing a survey, it is essential to have a good idea of what it is that you want to achieve and to design the questions accordingly. Designed by Elegant Themes | Powered by WordPress, Half of HR departments fail to track staff retention. If an employee's health suffers, their ability to work will suffer. Jagex, UK’s largest independent developer and publisher of online games offers staff free bicycle repairs at the office, encouraging them to cycle to work and keep fit. Research shows that there is a 28% probability of entering poverty within one year of leaving work for health-related reasons. Germany is currently debating the introduction of a nation-wide home child care subsidy (Betreuungsgeld), which would provide parents of one to three-year-old children the option of receiving EUR 150 (196.91 USD) a month to care for the child at home rather than sending him or her to a daycare center. If staff are asked: ‘What benefits do you want?’ the likely outcome will be a confusing range of ideas, many of which would not be practical.By contrast, if employees are asked what they think of their current benefits, whether they understand them, how important they feel they are and ultimately if they value them, this can be a good starting point. A good employee benefits package can play a big part for any UK business. A short employee survey gives you insight into what benefits are the most important benefits to employees in 2020. This pays a lump sum if you die – often around four times your salary. More on Topics Related to HR Trends: What Benefits Do Employees Value Most? It allows our most engaged readers to debate the big issues, share their own experiences, discuss real-world solutions, and more. He believes only legislation can prevent food waste by large supermarkets.