Home | Contact Us | Log In
(888) 789-6604
Report Stack
Advanced search
Account Detail 0 items in basket
Order History Total $
Saved Searches View Basket basket
UK SME Adoption of Employee Benefits 2017
Publication Date Sep 2017
Product Type Report
Pages 77
Single User License help $ 7500.00
Site User License help $ 15000.00
Corporate User License help $ 22500.00
 

Reportstack.com does not charge credit card fee, transaction charges, extra tax or VAT on any purchase.

UK SME Adoption of Employee Benefits 2017

Summary

"UK SME Adoption of Employee Benefits 2017", report highlights the opportunities in offering employee benefits by sizing the number of SMEs in the UK. It discusses the penetration of employee benefits among SMEs and factors affecting this, such as pension auto-enrolment. It explores how employee benefits are purchased, which are the top insurers, and the importance of offering benefits in attracting and retaining employees.

The report explores the provision of 10 employee benefits among UK SMEs across pensions, protection insurance, and healthcare benefits, which include private company pensions, pension contributions into a NEST government auto-enrolment scheme, life insurance, critical illness insurance, income protection insurance, private health insurance, healthcare cash plans, dental plans, cycle-to-work schemes, and childcare vouchers.

Employee benefits are a range of products provided to employees in addition to their normal salaries. Their purpose is to increase the economic security and wellbeing of staff, and they are pivotal in both attracting and retaining employees.

Businesses that offer more employee benefits are considered to be more attractive to employees. It means individuals do not have to purchase the equivalent benefits themselves, making their employee contracts more valuable. Providing employee benefits is also in employers’ best interests; encouraging health and wellbeing among employees will help to prevent illness and injury, and benefits can help get employees back to work sooner.

Scope

- Pensions are the most commonly offered employee benefit among SMEs due to auto-enrolment. This is followed by private health insurance, and life insurance and critical illness insurance. Penetration of all employee benefit products increases with SME size.
- Pensions are the most commonly offered employee benefit among SMEs due to auto-enrolment. This is followed by private health insurance, and life insurance and critical illness insurance. Penetration of all employee benefit products increases with SME size.
- The introduction of auto-enrolment, increases in business rates, rises in the national living wage, and Brexit have been putting pressure on SME profits. In order to cut costs SMEs may look to reduce the provision of employee benefits. SME business numbers and the employment rate may also fall due to pressures.
- Protection products are increasingly providing services such as virtual GPs, wellbeing apps that assess health using wearables, and rehabilitation services. Private medical insurance allows employees to skip NHS waiting lists, while healthcare cash plans and dental plans help promote health through free, regular check-ups.

Reasons to buy

- Understand the opportunity in cross-selling employee benefits alongside general insurance for SMEs.
- Adjust your strategy by discovering which are the most common employee benefits provided by UK SMEs, who the top providers are, and how employee benefits are purchased.
- Understand the current pressure on SMEs and how this may impact the sale of employee benefits.
- Be aware of how providers are innovating in the employee benefit space.


Companies Mentioned

AXA Aviva BUPA Zurich Scottish Widows

Table of Contents
Executive Summary
SME Market Dynamics
What Employees Want
SME Adoption of Employee Benefits
Pensions
Protection Insurance
Healthcare Benefits
Other Benefits
Appendix

List of Tables


List of Figures

Title Date Price
1st Century Bancshares, Inc. (FCTY) - Company Capsule
By World Market Intelligence
This report is a crucial resource for industry executives and anyone looking to access key information about "1st Century Bancshares, Inc."The report utilizes a wide range of primary and secondary sou ...Read More
Jun 2015 $75.00
1st Enterprise Bank, Inc. - Strategic SWOT Analysis Review
By GlobalData
1st Enterprise Bank, Inc. - Strategic SWOT Analysis Review provides a comprehensive insight into the company’s history, corporate strategy, business structure and operations. The report contains a d ...Read More
Sep 2014 $125.00
1st Source Corporation (SRCE) - Company Capsule
By World Market Intelligence
This report is a crucial resource for industry executives and anyone looking to access key information about "1st Source Corporation"The report utilizes a wide range of primary and secondary sources, ...Read More
Sep 2014 $75.00
1st United Bancorp, Inc. (FUBC) - Company Capsule
By World Market Intelligence
This report is a crucial resource for industry executives and anyone looking to access key information about "1st United Bancorp, Inc."The report utilizes a wide range of primary and secondary sources ...Read More
Sep 2014 $75.00
2014: Trends to Watch in Global Wealth Management
By GlobalData
SummaryThe global wealth management industry is changing rapidly due to regulation and compliance, product and communication innovation, rebalancing wealth markets, and developing customer attitudes. ...Read More
Jan 2014 $4495.00
2015: Key Trends in Retail Banking
By GlobalData
SummarySeveral trends will drive developments in retail banking in 2015, covering external factors such as regulation and internal factors such as mobile innovation. Banks will have to react by stream ...Read More
Sep 2014 $4495.00
2016: Key Trends in Consumer Payments
By GlobalData
Summary The increased levels of innovation and interconnectivity in banking and payments have resulted in an ever-expanding range of transactional possibilities, and are notably triggering a rewiring ...Read More
Feb 2016 $7995.00
2017: Key Trends in Retail Banking
By GlobalData
SummarySeveral trends will drive developments in retail banking in 2017, including factors as diverse as changes to the regulatory environment, the emergence of artificial intelligence, and the long-a ...Read More
Jan 2017 $5250.00
2020 Foresight: Non Resident Indians
By GlobalData
This report focuses on the Indian diaspora, which is the largest among non-resident South Asians. The report examines non-resident Indians (NRIS)’ investment attitudes and behavior, sources of wealt ...Read More
Apr 2016 $4995.00
Aareal Bank AG (ARL) : Company Profile and SWOT Analysis
By World Market Intelligence
This report is a crucial resource for industry executives and anyone looking to access key information about "Aareal Bank AG"The report utilizes a wide range of primary and secondary sources, which ar ...Read More
Sep 2014 $125.00

  * Required field
Name *
E-mail *
Telephone 
Company *
Country *
Query 
 
   

Published By :  GlobalData

For support please
contact:
US Toll Free
+1 888-789-6604
Asia Pacific
+91-9893555190
 
 
To receive alerts about
an update, future offers and discounts on this report, signup here.
Email ID
 

Companies


A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Countries


A B C D E F G H I J K L M N O P Q R S T U V W X Y Z