Over a third (36 per cent) of large businesses (with 250+ employees) do not measure any staff appreciation of employee benefits, according to research revealed by GRiD, the industry body for the group risk sector.
Similarly, over half (54 per cent) of all SMEs (i.e. those with less than 250 employees) and up to 68 per cent of micro business (with less than ten employees), do not measure staff appreciation of benefits, showing that not enough businesses of all sizes are likely to have a real grasp about whether or not their employees value their benefits.
Katharine Moxham, spokesperson for Group Risk Development (GRiD) said: “It makes sense for employers to assess the value that employees place on their benefits. Indeed, the very process of taking the time to seek the opinion of employees demonstrates a business cares and can help increase the perceived value.”
Please click here to view the full article.