Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Latest NewsFlexible benefitsPay & benefits

Younger staff less likely to take up flexible benefits

by John Charlton 26 Jun 2009
by John Charlton 26 Jun 2009

Employees in their 20s are less likely to use flexible benefits schemes than older workers.


According to HR and management consultancy Mercer, the flexible benefits participation rate for employees in their 20s averages 47% compared to between 67% and 70% for staff in their 30s, 40s and 50s. It bases these figures on a recent analysis of data on benefits uptake supplied by 20 UK organisations employing in total more than 66,000 staff.


Mercer said one reason for lower take-up among younger employees is that flexible benefits schemes are more relevant to employees with dependants. For example, take-up for partner life assurance is 15% for employees in their 30s, but just 5% for those in their 20s. Critical illness cover is taken up by 13% of staff in their 20s, but by 22% in their 30s.


Tony Morgan, Mercer principal, said employers should think about the needs of staff in their 20s when selecting benefits. “More should be done to support them in meeting the financial burdens they face,” he said. “In particular the need to pay off student loans and secure their first homes.”


He also thinks that ‘green’ benefits would appeal to younger employees.


The research indicated that gender made little difference to benefits take-up except in one area – buying and selling holidays. Some 19% of women covered by the research bought extra days’ holiday compared to 11% of men. Male employees (9%) were more likely to sell their holidays than females (3%).


Another Mercer survey, Leading Through Unprecedented Times, found 29% of respondents had added wellness programmes to their benefits provision, while a further 38% said they were highly likely to do so.


The research found that 94% of respondents said they had not cut health benefits programmes, but most of those polled had increased employee contributions to such schemes.


The survey was undertaken in May among 2,100 employers worldwide.

Avatar
John Charlton

previous post
Customer Consulting celebrates ten years
next post
Class of 2010 must put summer to good use

You may also like

NI threshold increase ‘not likely to benefit workers’

6 Jul 2022

Kristie Higgs succeeds in bid to remove LGBT...

5 Jul 2022

‘Low flight risk’ designer wins £100k age discrimination...

5 Jul 2022

Rail signaller discriminated against by staff who watched...

5 Jul 2022

The ultimate guide to payroll for small businesses

5 Jul 2022

More government support to help over 50s back...

5 Jul 2022

NHS to end full pay for Covid-19 sick...

4 Jul 2022

Government childcare plans aim to reduce cost of...

4 Jul 2022

Whistleblowing lawyer awarded £423k by Foreign Office

4 Jul 2022

Diversity and inclusion: where does the buck stop?

4 Jul 2022
  • The ultimate guide to payroll for small businesses PROMOTED | You’ve started a business that has expanded to the point of requiring more staff to meet demand. Congratulations!...Read more
  • NSPCC revamps its learning strategy with child wellbeing at its heart PROMOTED | The NSPCC’s mission is to prevent abuse and neglect...Read more
  • Diversity versus inclusion: Why the difference matters PROMOTED | It’s possible for an environment to be diverse, but not inclusive...Read more
  • Five steps for organisations across the globe to become more skills-driven PROMOTED | The shift in the world of work has been felt across the globe...Read more
  • The future of workforce development PROMOTED | Northumbria University and partners share insight...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+