EXCLUSIVE: 87% of businesses offer benefits to support health and wellbeing

87% of businesses offer benefits to support health and wellbeing

EXCLUSIVE: The majority (87%) of employers offer benefits to support the health and wellbeing of employees, according to research by Employee Benefits.

The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, found that the number of respondents that offer benefits in support of this goal has risen from 83% in 2019 to 87% in this year’s survey.

Having gradually risen to the top of the table of reasons why respondents offer benefits, this option has held the top spot for three concurrent years.

Also a popular option, more than three-quarters (77%) of respondents use their benefits package to increase employee engagement, motivation or performance.

The use of benefits as a recruitment or retention tool has also always scored highly in this research; this year, 83% cited this as a reason for offering benefits, compared to 72% in 2019.

In a similar vein, nearly two-thirds (65%) of respondents said that offering benefits has a positive impact as an employer or a business, and 55% said that their benefits provision supports their employer brand.

The findings demonstrate that employers continue to recognise the importance of both supporting their employees’ wellbeing and driving motivation levels through benefits.

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Click to download the Employee Benefits Research 2020