Howden Employee Benefits has found that 77% of UK small-and-medium-sized businesses (SMEs) plan to overhaul their employee benefits packages to tackle workforce challenges and economic pressures.
Howden's report, Employee Benefit Trends in UK SMEs, conducted in partnership with YouGov, surveyed 901 UK SMEs and found that 43% of SMEs were improving their private medical insurance (PMI) offerings to accelerate access to healthcare solutions. SMEs were also looking into critical illness cover (36%), group life assurance (31%) and expanding mental health support (46%). Elsewhere, SMEs were adding gym memberships or lifestyle discounts (38%) and enhancing pension contributions (40%). Currently, 53% of SMEs offer PMI and 49% offer mental health support, Howden detailed. Looking ahea...
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.
