Employers are planning on making serious changes towards their benefits strategies with a new found focus on Diversity, Equity and Inclusion (DEI) and Environmental, Social and Governance (ESG), according to a Howden Employee Benefits & Wellbeing and Reward & Employee Benefits Association (REBA) report.
The changes follow research which found 60% of employers' benefits strategies were not aligned with business goals. However, 90% of employer respondents said they were willing to amend their benefits offering over the next few years. Meanwhile, 46% of businesses said they plan to increase benefit spending in the next two years, with 85% of employers stating they will aim to offer more personalised benefits by 2024. Howden explained that in order to have an effective benefits programme, employers should ensure that recruitment and retention remains at the "forefront of businesses' stra...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- 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.
