Employee Benefits- How important are they in a post lockdown business?

The pandemic has reinforced just how much we rely on staff as we rebuild our businesses to reflect the changing circumstances.

Where benefits were previously not always important to employees, there is now an opportunity to consider their new found interest.

Now that so many have experienced a financial shock, there is great scope for employers to use benefits as a tool to motivate and secure staff. However, many SME business owners mistakenly believe that they cannot afford to offer benefits.

Lockdown has impacted us all in several ways. For many it has meant juggling an already busy life in closer surroundings than ever before. Our homes have become offices, schools and leisure spaces. We are more at risk of anxiety and stress at work (wherever that is) and so ensuring your employees well being is paramount to a company’s overall value proposition.

Some of the members of the Business Exposure Group are offering a selection of the employee benefits below:

Pensions

Life Assurance

Income Protection

Health Screening

Home Office Allowance

On demand videos and articles about wellbeing

Confidential employee health assistance programme

Employee discount arrangements amongst local retailers

Cycle to Work schemes

Leisure and lifestyle benefits including Gym memberships, wearables and nutrition advice

Overall companies need to address the requirements of a multi-generational workforce comprising 20’s -70+ age groups.

Is your employee benefits strategy fit for purpose post Covid-19?

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