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The Sellick Partnership Employee Benefits Survey 2020

by Sellick Partnership | 17 March 2020

At the start of 2020, we set out to discover the role of employee benefits in the workplace. We wanted to find out exactly what kind of benefits people were currently being offered, what they wanted in their benefits package, and if there was a discrepancy between the two.

Over 1,000 people took part in the national survey, which revealed several fascinating insights as to what 2020’s workforce really wants.

If you are an employer about to embark on a recruitment drive, or perhaps you are experiencing a high turnover rate of staff and wish to dam the flow, then read on to discover opportunities for you to adapt and improve your benefits package to attract job seekers and cater to your employees’ desires.

Below is our round-up of the key insights from the data, followed by the results in full.

If you wish to use this data, please cite ‘Sellick Partnership’ and include a link to www.sellickpartnership.co.uk.

Key insights

The current state of play

  • 1,039 survey respondents
  • 43.2% of people are ‘happy’ in their current job
  • 45.6% of people are ‘satisfied’ with their current benefits
  • Flexible working options were the most popular benefits - 62.2% of participants said they wanted ‘flexible hours’, followed by 59.6% who chose ‘generous annual leave’
  • Corporate Social Responsibility (CSR) initiatives and Employee Assistance Programmes (EAP) were the least popular, with just 2.3% and 4.2% of participants selecting these as their top five benefits respectively

Looking for a new job

  • 65% of survey participants were either ‘very likely’ or ‘likely’ to move jobs if the benefits were better than what they already have, even if the salary and the role was the same
  • 14.2% of people are ‘actively looking’ to move jobs in the next six months. Of these participants, their top three reasons for moving were:
    1. for a better salary - 26.5%
    2. due to poor management/leadership - 19%
    3. career progression/promotion - 11.6%, and career change - 11.6%

How men and women differ

  • Men were more satisfied with their benefits than women:
    • 64.9% of men were ‘very satisfied’ or ‘satisfied’ compared to 58% of women
  • Women thought benefits were more important than men:
    • 77.5% of women said benefits were ‘very important’ or ‘important’, compared to 74.3% of men
  • 30.9% of women were ‘very likely’ to move jobs if the benefits were better, even if the salary and the role was the same, compared to 21.8% of men
  • Men and women had the same top five most sought after benefits, although money-related benefits were less important to women.



Benefit

Women

Men

1.

Flexible hours

62.6%

60.5%

2.

Annual leave

59.6%

60%

3.

Pension

46.4%

53.6%

4.

Bonus

43.4%

50.2%

5.

Remote working

30.5%

39.5%


  • Parental leave, childcare support, mental health and wellbeing programmes are significantly more important to women than men:


Benefit

Women

Men

Parental leave

16.5%

10%

Childcare support

17.2%

8.1%

Mental health and wellbeing programmes

21.8%

11.1%


  • Remote working and cycle-to-work schemes are significantly more important to men than women:


Benefit

Women

Men

Remote working

30.5%

39.5%

Cycle-to-work schemes

3.9%

8.1%


The results in full

How old are you?


16 – 24

6.0%

25 – 34

29.0%

35 – 44

31.3%

45 – 54

20.4%

55 – 64

10.7%

65+

2.7%












What is your gender?


Male

25.7%

Female

72.8%

Prefer not to say

1.3%

Other

0.2%











Where do you live?


East Midlands

7.8%

East of England

7.7%

London

9.0%

North East

4.1%

North West

13.4%

Northern Ireland

1.6%

Scotland

6.9%

South East

16.3%

South West

10.4%

Wales

4.9%

West Midlands

9.2%

Yorkshire and the Humber

8.3%

Other

0.4%












What is your job sector?


Unemployed

8.0%

Actuarial

0.1%

Armed Forces

0.3%

Arts & heritage

1.5%

Charities

2.9%

Change & transformation

0.4%

Construction

2.1%

Design

0.7%

Engineering

2.1%

Environment

0.7%

Finance & accountancy

6.2%

Further education

3.1%

General

2.2%

Government & politics

5.4%

Health

11.0%

Higher education

3.2%

Hospitality

3.5%

Housing & Property

1.7%

HR

0.7%

Legal

2.3%

Leisure

0.8%

Marketing & PR

1.9%

Media

1.4%

Procurement

0.6%

Recruitment

0.7%

Retail & FMCG

8.2%

Schools

6.6%

Science

0.6%

Skilled trade

0.7%

Social care

2.7%

Social enterprise

0.1%

Technology

5.7%

Travel & transport

3.4%

Wealth & investment

0.3%

Other (please specify)

8.3%















What size is your company?


Micro 1 - 10

14.5%

Small - 11 - 50

16.8%

Medium - 51 - 250

17.1%

Large 251+

51.5%












What is your job level?


Entry level or apprenticeship

11.4%

Graduate

6.5%

Junior

10.8%

Experienced (non manager)

45.2%

Management

19.4%

Senior Management

4.0%

Senior Executive

1.1%

Board/Trustee

1.5%












What is your salary?


Up to £10,000

13.8%

£10,000 - £19,000

26.4%

£20,000 - £29,000

28.8%

£30,000 - £39,000

15.6%

£40,000 - £49,000

6.9%

£50,000 - £59,000

4.2%

£60,000 - £69,000

1.6%

£70,000 - £79,000

1.0%

£80,000 - £89,000

0.5%

Over £90,0000

1.4%












How happy are you in your current job?


Very happy

14.8%

Happy

43.2%

Neither happy nor happy

27.2%

Unhappy

11.7%

Very unhappy

3.1%












Which of the following benefits do you currently receive? Please select all that apply


Pension

57.0%

Generous annual leave

55.8%

Flexible hours

43.2%

Free or subsidised parking

24.8%

Remote working

23.9%

Free or subsidised drink

21.6%

Bonus

21.3%

Length of service rewards

21.2%

Mental health & wellbeing programme

20.2%

Cycle-to-work scheme

20.2%

Free or subsidised food

17.7%

Maternity/paternity package

15.3%

Regular social activities

13.4%

Private healthcare

12.1%

Employee Assistance Programme

12.0%

Volunteering days

11.9%

I don't get any benefits

10.2%

Healthcare plan

9.2%

Gym membership

8.1%

Childcare support

7.9%

Free or subsidised travel

6.5%

Sabbaticals

4.9%

Dog-friendly office

4.9%

Corporate Social Responsibility initiatives

4.0%

Financial planning resources

2.1%

Other (please specify)

2.0%














How satisfied are you with your current benefits?

Response Percent

Satisfied

45.6%

Neither satisfied nor unsatisfied

23.0%

Very satisfied

14.5%

Unsatisfied

12.4%

Very unsatisfied

4.5%












What are the most important benefits that you currently receive or would like to receive in the future? Please select five


Flexible hours

62.2%

Generous annual leave (21 days or more, not including bank holidays)

59.6%

Pension

47.9%

Bonus

45.0%

Remote working

32.9%

Free or subsidised food

29.3%

Private healthcare

26.0%

Mental health & wellbeing programme

19.3%

Length of service rewards

18.3%

Free or subsidised parking

18.1%

Free or subsidised drink

16.1%

Childcare support

14.9%

Generous maternity/paternity package

14.9%

Gym membership

14.8%

Free or subsidised travel

14.7%

Healthcare plan

14.6%

Dog-friendly office

9.0%

Sabbaticals

7.6%

Regular social activities

7.4%

Volunteering days

6.5%

Financial planning resources

6.3%

Cycle-to-work scheme

5.1%

Employee Assistance Programme

4.2%

Corporate Social Responsibility initiatives

2.3%

Other (please specify)

1.6%

None of the above

1.4%














If the same job came up a similar distance from your home, with the same salary but better benefits, how likely would you be to apply for the job?


Likely

36.6%

Very likely

28.4%

Neither likely nor unlikely

21.5%

Unlikely

10.3%

Very unlikely

3.3%


To what extent are you looking to move jobs within the next 6 months?


I'm considering it

29.5%

I'm not considering it

28.6%

I'm not sure

22.9%

I'm actively looking for a job

14.2%

I will never consider it

4.9%












Have you moved jobs in the last 12 months?


Yes

12.6%

No

87.4%


What is or was your number one reason for looking for a new job? Please select one answer*


Better salary

38.0%

Career progression/promotion

11.4%

Poor management/leadership in current role

10.8%

Better benefits

8.0%

Career change

7.5%

Family/personal reasons

7.1%

A new challenge

6.3%

Location

5.4%

Dislike of current colleague(s)

3.1%

Other (please specify)

2.5%













*question was asked of participants who said they had:

  1. Moved jobs in the last 12 months

OR

Were ‘actively considering’, ‘considering’ and ‘not sure’ about moving