News
David Woods, 07 Dec 2009
Despite the opportunities to increase their return of investment on their employee benefits provision, employers are not recession-proofing their perks, new research reveals.
Nearly a third (29%) of employers have made no changes to their employee benefits during the recession despite the almost complete collapse in the war for talent due to rising unemployment, according Aon Consulting.
Of the organisations that have made changes, 38% have reviewed their defined-benefit pension provision, 11% have reassessed their defined-contribution scheme and 19% have reviewed their other employee benefits.
Helen Dowsey, principal at Aon Consulting, said: "Employers are missing a trick when it comes to getting best value from their benefits programme. Pension schemes and employee benefits programmes, for example, offer a range of opportunities to save money, both in terms of short-term fixes and long-term solutions.
"Whether via a simple re-broking exercise for group health insurance while rates are currently low, or a major overhaul of pension scheme set-up, or any number of routes in between, there is money that can be saved while still offering a competitive and effective benefit programme."
Are you recession-proofing your rewards and benefits? Let us know by taking the HR Reward Survey 2010.
0 comments on this article |
Latest Issue - May 2012
The myth of the axolotl is one of nature’s most fascinating.
MA Business & Leisure Limited © Copyright 2012, All Rights Reserved
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.