British workers and managers are calling for the compulsory inclusion of all employee benefits, including company pensions, within job adverts, according to a new study.
More than two-thirds of the 1,300 workers surveyed by insurance firm Axa said they would like details of all benefits offered, including pensions, health insurance, bonuses and other benefits offered on top of salary.
The proposal is also backed by employers, with 42% of 300 senior managers surveyed also supporting the inclusion of this information in adverts, to enable applicants to compare benefits and basic salary being offered by firms.
The study has received support from former pensions minister, John Denham. The MP made a similar proposal in a Private Members Bill last year which received backing from across the pensions industry.
“While the government’s pension proposals will give most people a much stronger foundation for retirement, many will want and need additional pensions savings,” said Denham. “We need to make it easier for employees to identify which companies offer the best deal on pensions and pay,” he said.
Steve Folkard, head of pensions and savings at Axa, said: “It makes sense that the complete remuneration package should be a key consideration for all job applicants. For employers it is the first opportunity they get to communicate the value of their benefits package to prospective employees, potentially giving a firm the edge in the battle to recruit the best people.”