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Latest News

Swapping pay for benefits gains popularity

by Personnel Today 23 Sep 2004
by Personnel Today 23 Sep 2004

Nearly
90 per cent of adults employed in regular work would be willing to sacrifice
some of their salary for more employee benefits.

According
to new research commissioned by Aon
Consulting, the pensions, benefits and HR consultancy firm, of those working a
regular week:

–
More than half (58 per cent) opted for extensive annual leave. Women and
under-35s (both at 62 per cent) particularly favoured this choice. This option
was also popular in Scotland,
with three in five people (60 per cent) favouring the possibility of an
extended holiday.

–
More than five in 10 adults (56 per cent) were interested in taking a career
break. The Scottish and those in the South East scored higher than the national
average in this category, at 69 per cent and 61 per cent respectively.
Respondents in the Midlands were torn between this and
other options, with 50 per cent opting for this choice. Women and the under-35
age group also scored high here, at 58 per cent and 64 per cent.

–
60 per cent of respondents in Scotland
and half of all women surveyed (50 per cent) favoured sacrificing part of their
pay package for alternative health treatments – well above the national average
of 42 per cent. This category was least popular with people in Wales
and the South West where less than one in three adults (29 per cent) were keen to go down the
alternative medicine route.

–
More than a third of Scottish people surveyed (34 per cent) wanted to take
advantage of an ironing service as part of their pay package – 7 per cent above
the national average. One in three women also expressed an interest in this
service

By Quentin Reade

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Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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