An increasingly creative approach to benefits
Recognition schemes are increasingly seen as important. Voluntary and flexible benefits feature high on the HR agendas of respondents. The majority of respondents so far have said that they have reviewed benefits in the last year. This is beyond a review to ensure that HR teams are receiving value for money from their providers. HR teams have reviewed the actual system itself, signalling its increasing importance in the picture of recruitment and retention. Their importance go beyond financial, covering tokens of appreciation to the workforce. In sectors where traditional benefits covering cash, base salary and allowances have been valued for years, HR teams are realizing that they need to be more flexible to bolster their recruitment and retention. A focus on employee wellbeing and volunteering alongside promoting work-life commitments through generous maternity and paternity packages are increasingly valued by employees.