Poll: 23% of employers have cut staff benefits since pandemic began

Employee Benefits poll: Almost a quarter of organisations have either cut or reduced staff benefits since the beginning of the Coronavirus (Covid-19) pandemic.

According to the latest Employee Benefits survey, 23% of organisations reported that they had either cut or offered fewer perks to their employees in response to the global health crisis.

However, almost three-quarters (74%) said they have retained all their employee benefits, despite the challenges the pandemic has brought. Just 3% of organisations said that they are planning to make cuts or reduce their staff benefits, which could indicate that the trend to offer fewer perks in response to the pandemic may have run its course.

The results of this latest poll chime with recent research by The Living Wage Foundation which found that more than two-thirds (67%) of full-time, below-living-wage employees had seen their pay lowered for reasons related to the pandemic over the past year.