Employers who do not communicate total remuneration packages well to existing staff and interviewees risk jeopardising their organisation’s recruitment and retention potential. That’s the warning from GRiD, the industry body for the group risk protection sector (employer-sponsored life assurance, income protection and critical illness protection benefits).
GRiD research* found that:
only a fifth of organisations discuss group risk benefits at interview stage, effectively downplaying the overall benefits package available to the candidate, and
only a quarter of organisations make a point of issuing regular communications on group risk and other benefits to existing staff, therefore undervaluing the current workforce’s benefits package.
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