Two thirds of employers to bolster staff benefits funding

Howden research shows

Jaskeet Briah
clock • 2 min read

Nearly two thirds (64%) of employers plan to increase or improve benefits funding in the next two years, according to research from Howden Employee Benefits & Wellbeing and the Reward & Employee Benefits Association (REBA).

A survey of around 3,800 professional REBA members and 20,000 subscribers, along with 210 responses from employers, found 60% of respondents plan to introduce new benefits and wellbeing technology in the next two years. Two thirds of employers will have addressed health and protection gaps by 2024, Howden noted, while 15% of employers believe their benefits technology is already at the "desired level." However, Howden said that more can be done to link diversity, equity and inclusion (DEI) goals with benefits design, with nearly one third of organisations stating their benefits strate...

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