Discounts for supermarkets, online and high street retailers were the most used employee benefit throughout 2023, according to the findings of new analysis.
Amidst economic pressures and evolving healthcare demands, a forward-looking approach that emphasises both preventative care and specialist support is vital.
With retaining talent the number one challenge for legal firms, employee benefits can be an effective way for firms to differentiate themselves from competitors.
Of those who receive a bonus, 61% of younger employees would prefer year-round financial support such as workplace savings schemes or discount vouchers.
55% of 18-34-year-olds say that a good benefits package is now the most important thing they look for in employment, compared to 42% of the general workforce.
A fifth of employers express concern about employees living with long-term chronic illnesses, such as diabetes, certain types of cancer, or multiple sclerosis.
Multinational employers must navigate risks, regulatory compliance, and talent retention to avoid repercussions such as absence rates and reduced productivity.