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The gap between expectations and reality

Employee benefits are falling short of expectations, with a shift towards health centered benefits and a focus on work-life balance, lifestyle and high-quality choice.

Understanding what employees expect and value is fundamental to employers when designing a company’s Employer Value Proposition (EVP) and getting this right will help employers in attracting, engaging and retaining the best talent for their organisation.

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Introducing Smart Benefits

The Smart Benefits platform enables clients to close these gaps by offering a personalised, flexible approach to employee health and benefits. It enables employees to tailor their benefits and protection to suit the needs of them and their families more effectively.

Make it personal

When it comes to benefits, we all have different needs and wants. Providing employees with the ability to pick and choose their benefits enables personalisation; this is especially important for organisations aiming to provide a benefits programme that appeals to today’s diverse workforce.

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0%

of Millennials say the ability to customise their benefits is important

0%

currently have this ability

A l m o s t   h a l f

say they would sacrifice pay for better choice of benefits

What really matters to employees?

According to the Aon Employee Mindset Study 2020, pay and benefits are the number one reason employees are attracted to a company and the main driver of employee engagement.

The study also highlights that the benefits that drive the highest levels of satisfaction are all connected with health, wellbeing and flexibility. Ensuring good health, for employees and their families, and enabling a level of flexibility in work patterns and benefits are key criteria for a high performing benefits programme.

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Current Benefits Offering v What Employees Most Value

health-lifestyle

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If you have any questions, would like to request a demonstration or further information, please complete the form below.