For many employees, the base salary they are offered is a major factor in their decision to accept a job – in a recent Willis Towers Watson survey, 48% of employees in the EMEA region ranked earning more pay or a higher bonus as their top priority.
The need for strong benefits is also a pressing concern for many employees – 39% of employees in the EMEA region told Willis Towers Watson they prioritise more generous benefits when deciding whether to accept a job. In a survey by the Employee Benefit Research Institute, 78% of employees agreed that benefits are a significant factor in their decision to accept or reject a job.
A key benefit offered by all of IBUK’s Top Insurance Workplaces is flexible work options. The majority also offer incentives such as wellness programmes, sabbaticals and cycle-to-work schemes. In addition, this year’s Top Insurance Workplaces have found creative ways to reward their team members, from share options and financial incentives for completing qualifications to bonuses for life events such as having a child or getting married. In conjunction with a competitive salary, these incentives are among the top reasons employees love where they work.
Immediately: 50%
After 90 days from hire: 30%
More than 90 days from hire: 10%
Other: 10%
Fewer than 99 employees:
Yes: 50%
No: 50%
100 to 499 employees:
Yes: 50%
No: 50%
Fewer than 99 employees:
Yes: 83%
No: 17%
100 to 499 employees:
Yes: 100%
20 to 25: 50%
26 to 30: 40%
30+: 10%
Fewer than 99 employees:
Yes (paid): 0%
Yes (unpaid): 100%
No: 0%
100 to 499 employees:
Yes (paid): 25%
Yes (unpaid): 25%
No: 50%
