Cost Of Living: What Support Do Employees Want From Employers?

The Support Employees Want: Pay Rise, One Of Payments & Increased Remote Working

With money being named as one of the main causes of stress, unsurprisingly a pay rise (67%) topped the list when it came to the support employees wanted from their employers. This was followed by:

• One-off payment (25%)
• An increase in remote working (23%)
• A travel subsidy (16%)
• Food and drink in the office (16%)
• Financial wellbeing support (15%).

Set Up The Benefits Your Staff Really Value

Not all businesses will be able to provide big pay rises or one of payments. However as employees have shown these are just two of many benefits they would really value.

There are plenty of other cost effective alternatives which can help to support them.

• Remote working
  23% of employees want to see their employers to allow more remote working. This is a benefit which is free to implement, but could help employees save on costs such as travel. This could significantly help considering 68% of respondents said they had seen an increase in petrol and diesel costs.
• Employee Discount Scheme Platform
  This is a great cost effective benefit which is really simple to set up. Through a scheme employees get access to discounts and cash back on everyday purchases. This can help them to save hundreds if not thousands of pounds a year.
• Workplace Financial Education
  By educating employees on topics such as debt management, investments and savings, you can help them to make more informed decisions. This knowledge can then help employees to manage their finances better.
• Salary Sacrifice Benefits
  Benefits such as salary sacrifice workplace pension contributions can actually help boost your employees monthly pay. As contributions are taken before tax they are highly tax efficient and the savings made can get added to your employees net pay.

Implementing the right benefits that align with the needs of your employees and your budget can be overwhelming.

Our experts have a wealth of knowledge and can help ensure your employee benefits package is as effective as possible. You can reach us at 02074425880 or email us at help@drewberry.co.uk

Nick Nelms
Senior Consultant, Employee Benefits

Improving Your Employee Benefits Package

We help businesses of all sizes provide a benefits package which shows their staff they card and helps them recruit and retain the best talent.

Whether it is setting up a simple Death in Service policy or rolling out Total Reward Statements we are on hand to ensure your employee benefits reflect the organise you want to be.

Why Speak to Us?

We started Drewberry™ because we were tired of being treated like a number.

We all deserve a first class service when it comes to things as important as protecting our health and our finances. Below are just a few reasons why it makes sense to talk to us.

• We are award winning 🏆 independent insurance advisers who work with all the leading UK insurers
• You’ll speak to a dedicated expert from start to finish
• We are very proud of the 3763 and growing independent client reviews rating us at 4.92 / 5
• We are authorised and regulated by the Financial Conduct Authority. You can find us on the financial services register here 🧐
• Claims support when you need it most.