Earlier this year, Specialist Pay and Reward Consultancy Reward Connected undertook a large market review of current wellbeing and benefits in the UK marketplace. The majority of the responses (78%) were from the charity sector.
As part of the financial wellbeing and benefits section, the survey asked participants not only about the level of employer pension contributions but what other activities they were doing to help promote and enhance employees' retirement planning.
The survey showed that over half of the respondents offered pensions advice to its employees through workshops, inviting experts in to discuss retirement planning or dedicated wellbeing events that focused on financial matters. It is clear that today continued communication to employees of their pension is becoming the norm for most companies and not just something covered in the welcome pack.
"Our survey, and then subsequent launch event with the participants, really highlighted the importance of communicating benefits and even more so consistent communication. If you are offering your staff a benefit, make sure they know about it"
Michelle Buckley, Reward Connected
The Charities Pensions Club - the go to place for pension professionals in the Third Sector.