Employers are risking losing talented employees due to unsuitable benefits packages, according to a new report from the University of Liverpool.
The research, commissioned by Barclays, revealed that more than one in 10 Generation X and Generation Y employees (15% and 12% respectively) have considered moving to an employer offering better benefits packages in the last 12 months.
Author, Dr Paul Redmond, Director of Employability and Educational Opportunities at the University, showed that benefits act as a driver for attracting talent, as 61% of all employees claim that the availability of a comprehensive benefits package is a key factor when looking for a new job.
The report, called ‘About My Generation: Exploring the Benefits Engagement Challenge’, explores the fact that for the first time in history, there are up to five different generations in the workplace and considers how relevant current benefits packages are to today’s multigenerational workforce.
For more information about the report visit: http://group.barclays.com/news/news-article/1329930561503