Take part in our latest readers’ poll on a current topical issue. Last week, Employee Benefits reported that 61% of small to medium-sized employers (SMEs) said they will change their approach to insurance-based employee benefits following the employer national insurance contributions (NIC) increase, according to new research by Canada Life.
Two in 10 (22%) said they will cut available employee benefits, 5% said they will stop providing any benefits, and 18% will change what is offered to cut costs. Medium-sized employers, with 50 to 249 employees, are more likely to reduce or change benefits.
In light of this, will you need to change your employee benefits approach as a result of the NIC increase?
