COVID-19 Benefits Survey Report – UK

Here are some survey respondent highlights:

• The most important benefits priorities for employers in Q2 – Q4 are communicating existing benefits that help employees and enhancing wellbeing programmes, most notably financial wellbeing and mental health
• Two fifths of employers have made or plan to make changes to their benefits programmes as a result of COVID-19
• Three fifths of employers are looking to enhance their wellbeing programmes
• 1 in 4 employers has taken steps to make it easier for employees to reduce their contributions towards their DC retirement plans
• 3 in 4 employers have promoted existing financial resources, including EAP
• 3 in 5 employers believe COVID-19 will increase their sick leave cost
• Struggling businesses are more likely to look at cuts to health and retirement benefits

You can download the findings report below.