Here, we’ll explore the importance of workplace benefits in the UK, and why employers should consider offering them to all their employees, not just the C-suite.
Employee Benefits: Why are They Important?
By adding employee benefits to a salary package, employers can increase the value of the overall compensation package. This can help to make employees feel valued and appreciated, which can increase loyalty, focus and productivity, and attendance. In addition, offering employee benefits can help to optimise recruiting efforts by making a company more attractive to potential candidates.
The Legal Requirements vs The Added Benefits
In the UK, there are certain legal requirements that employers must meet in terms of employee benefits. For example, employers are required to provide a workplace pension scheme for their employees. Other benefits, such as paid holiday, sick leave, and maternity/paternity leave, are also legally required.
However, many employers choose to offer additional benefits to their employees, such as health insurance, gym memberships, and discounts on products and services. These added benefits can help to create a positive working environment and can make employees feel valued and appreciated.
Morrisons NHS Discount
One example of an added benefit is the Morrisons NHS discount. The supermarket chain offers a 10% discount to NHS workers on their grocery shopping. This is a small but meaningful gesture that can help to show appreciation for the hard work and dedication of NHS workers.
The Most Popular Employee Benefits
While the types of benefits offered can vary from company to company, there are some benefits that are more popular than others. According to a survey by Glassdoor, the most popular employee benefits in the UK include:
Health insurance
Pension plan
Flexible working hours
Paid holiday
Sick leave
Maternity/paternity leave
Dental insurance
Life insurance
Gym membership
Employee discounts
These benefits can help to create a positive working environment, improve employee morale, and increase loyalty and productivity.
Retain top talent
Workplace benefits have become an important factor in attracting and retaining the best talent in the UK job market. By offering a range of benefits alongside a fair salary, employers can create a positive working environment, increase loyalty and productivity, and optimise their recruiting efforts.
While there are legal requirements for certain benefits, many employers choose to offer additional benefits such as the Morrisons NHS discount, to show appreciation for their employees. Ultimately, offering employee benefits can help to create a happier, more motivated workforce, which can benefit both employees and employers in the long term.
