More than a quarter of private sector employers are looking to reduce employee benefit costs by cutting holiday entitlement for staff, according to new research.
Met Life's survey found more than a third of employees would accept it, but only if they received a pay rise.
However, the International Employee Benefits Trends Study showed 10% of employees have been offered an enhancement to their employee benefit package in lieu of a pay rise.
Of those 48% have been offered more paid holiday while 42% have been offered more flexible hours and 25% increased employer pension contributions.
The study of SMEs revealed 27% of companies believe they are too generous with holidays and that 25% are considering cutting paid holidays.
Meanwhile six out of 10 employees believe they are unlikely to receive an annual pay increase in the next 12 months and 28% last had a pay rise more than two years ago.
