Employers “misjudge” which benefits employees prioritise at different points in their careers and firms do not distinguish enough between younger and older workers, according to research from Canada Life UK.
As part of the provider's study, Building longevity-ready workplaces in the UK, it surveyed 600 employers and more than 3,200 members of the UK public for the second report in its multi-year Life100+ research programme. The top benefits that workers considered important in employee packages were salary (80%), annual leave (77%), pension contributions (74%) and flexible working (73%). This was followed by health insurance (67%), income protection (IP) (63%) and life insurance (55%), with critical illness cover (CIC) and healthcare cash plans both at 52%, respectively. Specifically, ...
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