Pensions are still the most popular form of benefit given to HR and payroll
professionals, according to research.
Of 760 employees surveyed for the Personnel and Payroll Salary Survey, 89
per cent receive company pensions. Final salary pensions are given to 46 per
cent, 30 per cent hold money purchase pensions and 13 per cent have stakeholder
Life insurance is given to 53 per cent of the employees surveyed, while 48
per cent receive private medical insurance, making provision of insurance the
second most popular benefit provided as part of staff remuneration packages.
A third of the respondents receive financial assistance for further
education or course fees from their organisations, and almost a quarter receive
permanent health insurance.
Other popular benefits include company-provided mobile phones, given to 18
per cent of those surveyed, and additional holiday leave which is provided to
17 per cent.
In total, more than 3,000 benefits are held by the respondents questioned –
an average of 4.3 per person. www.paymagazine.com