EXCLUSIVE: Seven in 10 respondents offer benefits through optional remuneration

EXCLUSIVE: Seven in 10 (70%) respondents in 2019 offer benefits through optional remuneration arrangements for all staff, according to research by Employee Benefits.

The Benefits research 2019, which surveyed 290 respondents and was published in May 2019, also found that the proportion of organisations offering benefits through optional remuneration has only seen a small decrease from the 74% that did so in 2018.

When it comes to those benefits offered via salary sacrifice, it remains to be seen how the results are affected as employees begin to move out of the government’s childcare voucher scheme, which closed in October; this year has only seen a small decrease, from 94% to 89%.

Pension contributions delivered via optional remuneration have increased between 2018 and 2019, rising from 77% to 84%; this could be linked to affordability concerns around the auto-escalation of minimum contributions to defined contribution schemes used for auto-enrolment.

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