HR and Reward leaders know employee benefits are have never been just a “nice to have”, they’re a strategic tool for driving engagement, recruitment, retention, and wellbeing. But how well are they really working?
Our new Employee Benefits Impact Report lifts the lid on how over 750,000 employees across 2,000 companies actually engage with their benefits, with key insights and implications for HR and Reward leaders in all industries.
What the Data Reveals
Using real-world engagement data from our comprehensive employee benefits platform, the report uncovers:
- A significant gap between what employers offer and what employees actually use.
- Holiday Trading schemes lead the way in engagement, with 20% uptake. The highest among salary sacrifice schemes.
- Bike Scheme application values are up 42% indicating further strengthening of interest in the scheme.
- Face-to-face counselling sessions are making a real return as employees’ utilisation of EAPs develops.
Engagement with Cycle to Work and EV Car Schemes are also rising, driven by cost-saving and sustainability goals.
These insights show that when benefits are well-communicated and tailored to employee needs, they deliver real ROI, not just for employees, but for the business too.
Why This Matters for HR and Reward Leaders in All Industries
With rising employer National Insurance costs and increasing pressure to retain talent, employee benefits are becoming even more vital as part of any organisation’s total reward strategy.
This new report highlights how HR, Reward, and Finance leaders are using benefits tech to:
- Boost engagement
- Enhance financial wellbeing
- Support sustainability goals
- Offset rising employment costs
Industry-Specific Employee Benefits Insights Reveal Real Differences
Our analysis also finds real variances in how employees utilise different employee benefit schemes across industries, with some industries clearly leading the way in driving engagement with specific employee benefits.
The report presents key insights and recommendations for HR and Reward leaders in all industries on how to:
- Increase visibility and uptake of benefits
- Tailor offerings to different employee demographics
- Use benefits to support broader business objectives
Whether you’re reviewing your current benefits strategy or building one from scratch, this report is a must-read.
Want to see how your benefits strategy stacks up? Discover benchmarks, trends, and expert strategies to help you build benefits packages your employees will love.
At The Access Group, we’ve been supporting over 2,000 businesses for over 15 years with our comprehensive employee benefits and engagement solutions.
Our comprehensive employee benefits, rewards and engagement offering is also deeply integrated within our wider HR software suite.
Ready to see it for yourself? For more information on how we can help you and your business, get in touch today.
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