Quarter of employees value extra holiday over pay-rise

Adam Saville
clock • 2 min read

Half of Generation X and Baby Boomers see health insurance and death in service as major concern compared to a fifth of Generation Z and Millennials

Additional holidays and sabbaticals and flexible working hours are considered the biggest priority when it comes to employee benefits, with 26% of UK employees preferring this over a pay-rise, a study by smallbusinessprices.co.uk has found. According to the survey if 2000 UK employees, 18% of men consider themselves very happy with their benefits compared to 14% of women questioned. It also found that 29% of Generation Z (18-24 year olds) employees would be tempted to apply for job if they received a £4000 housing contribution as a company benefit, compared to 22% of Millennials. W...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Employee Benefits

Confusion on workplace benefit coverage is top barrier to usage

Confusion on workplace benefit coverage is top barrier to usage

Research from Health Shield Friendly Society

Jaskeet Briah
clock 09 July 2026 • 2 min read
Third of businesses only signpost to health and wellbeing support on demand

Third of businesses only signpost to health and wellbeing support on demand

Everywhen research findings

Jaskeet Briah
clock 03 July 2026 • 2 min read
Third of young workers said health worsened while awaiting healthcare

Third of young workers said health worsened while awaiting healthcare

Healix Health research findings

Jaskeet Briah
clock 26 June 2026 • 2 min read