Two thirds of employees have low understanding of benefits

clock

Around two thirds (65%) of UK businesses have rated employees' understanding of their benefits as low or very low, a survey by Aon Employee Benefits has found.

At the time of the survey, 86% of the participating UK companies said they handled benefits communications internally.

Aon's 2015 EMEA Employee Benefits Communication Survey questioned 1,149 companies in 28 countries in Europe, the Middle East and Africa.

The survey also found that 51% were planning to inform employees about their benefits via portals within the next 12 months.

Of those surveyed, 72% communicated compensation and benefits packages to employees, this figure excluded communications through payslips.

Meanwhile 53% of companies surveyed were planning to use Total Rewards Statements and 48% were planning to segment their audience to make more of an impact.

The most important reasons for communicating compensation and benefits packages were found to be developing engagement, retaining talent and responding to legal requirements.

Jon Bryant, head of online and communication at Aon Employee Benefits, said: "UK organisations that are satisfied with the impact of their benefit communications have certain things in common.

"They communicate frequently - 53% do it several times a year - and they use a range of media to communicate.

"Sixty-four percent see segmenting their audience and providing targeted information as essential for improving the impact of their communications in the future".

Bryant added: "By providing employees with full financial awareness like this, we believe engagement and understanding of benefits increases.

"For instance, when an employee can see where he or she could save money, perhaps through shopping discounts, they can put more savings towards their retirement."

More on Employee Benefits

Broadstone boosts employee benefits division

Broadstone boosts employee benefits division

Increasing demand for more flexible benefits

Jaskeet Briah
clock 04 October 2024 • 3 min read
Businesses "flying blind" on mental health support

Businesses "flying blind" on mental health support

Barnett Waddingham research shows

Jaskeet Briah
clock 23 September 2024 • 3 min read
Spectrum.Life signs AI partnership

Spectrum.Life signs AI partnership

Improving health outcomes

Jaskeet Briah
clock 19 September 2024 • 1 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read