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Quarter of employees say benefits are not properly tailored to their needs

by Graham Simons
11 June 2021
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A quarter of employees do not think their company benefits are relevant or tailored to them, with one in five claiming they would not be interested in benefits such as a day off to mourn the loss of David Attenborough.

The research, conducted by pollster Censuswide on behalf of salary advance provider Borofree, revealed 25% of those surveyed do not think the perks being offered are relevant or tailored to them, with 15% revealing they have never received any perks from their current employer.

A fifth of employees said they would not be interested if they were offered some of the more eye-catching benefits being provided by companies today, such as fertility treatment, annual sailing trips or a day off when David Attenborough dies.

Pensions was the most prized benefit for a third of workers, while 18% wanted the option of being paid weekly and 14% were keen on an interest free loan.

The research also showed 28% of 16-24 year olds and 29% of those aged 25-34 saw their company benefits reduced or removed during the last 12 months .

Commenting on the findings, Minck Hermans, CEO and co-founder at Borofree, said: “In the wake of the pandemic, businesses need to ensure they are in a strong position for recovery and growth, and having a happy and productive workforce sits at the heart of this.

“Many companies took the decision to cut back on benefits in the last 12 months, but organisations should not underestimate the value or importance in giving staff perks that are going to make a positive difference to them, and therefore the company as a whole at this time.

“Too many companies approach company benefits as a PR exercise, failing to consider what’s going to make a real difference to their employees workplace wellbeing and happiness.

“Evidently, the fads and outrageous corporate packages are no longer ticking the boxes for staff, who are looking for perks that are both relevant and useful for them.”

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