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HR News - 42% of companies don’t measure staff appreciation of benefits

According to research* carried out by GRiD, the group risk protection industry body, 42% of companies don’t measure staff appreciation of benefits.

It takes time and resources to offer benefits to staff, and, in addition to helping companies support their staff, they are also an excellent recruitment, retention and engagement tool. If companies don’t measure how much they are valued, they’re missing a trick, says GRiD.

Support recruitment and retention
Asking which benefits are most appreciated gives employers great insight. It can show which benefits are understood, whether or not they add any value for an employee, and which ones are most relevant – to a workforce as whole and to specific demographics. It can help employers decide which benefits to enhance and which ones could be ditched.

When companies are competing for talent, employee benefits can be a great differentiator. A comprehensive employee benefits package demonstrates how much a company cares about its staff and can be a reason to join.

When employers don’t know which benefits are valued, they don’t know which are going to work harder for them when trying to recruit. The same applies when they’re looking to engage and retain their workforce.

So it’s crucial that employers understand how much their employee benefits are appreciated.

Please click here to view the full article.

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If you are active in the group risk market and would be interested in gaining a greater share of voice and working more closely with your contemporaries in the industry please get in touch by completing this page.

Benefits of membership:

A STAKE IN POLICY

A STAKE IN POLICY

The opportunity to influence group risk policymaking.

VALUE BY ASSOCIATION

VALUE BY ASSOCIATION

GRiD is a respected voice in the protection sector – as such, membership enhances the status of member organisations.

ACCESS TO EXCLUSIVE INFORMATION

ACCESS TO EXCLUSIVE INFORMATION

Privileged access to output from the various working groups, including consultation responses, regulatory updates, employer research and pan industry claims data. GRiD members also gain exclusive access to industry speakers at member meetings.

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