One in three employers don't benchmark overseas staff benefits

According to Towergate Health & Protection

John Brazier
clock • 1 min read

Around one in three employers (32%) businesses with staff based overseas do not benchmark their employee benefits, according to research from Towergate Health & Protection.

Over half (57%) of employers stated they do carry out benchmarking on benefits for overseas staff, with more than one third (37%) believing it to worthwhile exercise in terms of directing benefits spend. The main reason given for not benchmarking (25%) was that it was too expensive or that employers simply did not know how to do it. Employers with overseas staff were most likely to benchmark by geographical region (45%), then by size of company (41%), and are least likely to benchmark by sector (28%). Towergate stated that benchmarking employee benefits acts as a useful tool to "of...

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

Standard Life sells employee benefits business

Standard Life sells employee benefits business

More than 140,000 employees join Benefex

Jaskeet Briah
clock 28 November 2024 • 1 min read
Active workers boost productivity

Active workers boost productivity

12 more productive workdays annually

Cameron Roberts
clock 19 November 2024 • 2 min read
Quarter of businesses not benchmarking benefits: Towergate

Quarter of businesses not benchmarking benefits: Towergate

Towergate Employee Benefits research

Jaskeet Briah
clock 12 November 2024 • 1 min read