Employee Benefits Workplace Savings and Pensions Research 2011: Key Findings

Employee Benefit’s survey, which was carried out in June 2011 among readers of Employee Benefits magazine and users ofhttp://www.employeebenefits.co.uk, received 261 responses

KEY FINDINGS

• 74% say complying with the 2012 pension reforms will increase costs.

• 38% intend to review future pay increases to help fund compulsory employer contributions, while 30% will absorb cost increases in other business areas.

• 71% only offer a defined contribution scheme, just 4% only offer a defined benefit arrangement and 25% offer both types of pension scheme.

• 10% offer an online platform for staff to manage all their workplace savings, while 5% will be implementing one and 24% are considering the idea.

• 70% feel responsible for employees’ long-term financial wellbeing and 74% say it is part of their HR strategy to offer a high-quality pension plan for staff.

About the respondents

Group Risk

Group Risk

Read more from the workplace savings and pensions research

 

 

 

About elaineonyc

HR generalist who is passionate about the benefits of good HR practice. Experienced in delivering strategic and operational HR initiatives to clients in both public and private sectors. Specialises in working with SMEs.
This entry was posted in Reward. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s