Employees do not value benefits - Aon

  • Story by: Maike Currie
  • Magazine: FinancialAdviser
  • Published Thursday , June 26, 2008

Employees seriously underestimate the level of benefits spending by employers, consultant claims

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Some 98 per cent of British workers underestimate the true amount that employers spend on benefits, according to new research released by human resources consulting firm, Aon Consulting.

In Aon's national survey of 1300 working adults, when asked how much they think their company spends on their benefits as a percentage of their individual salary, over two thirds, 69 per cent, said they thought it was no more than 10 per cent. Almost half, 46 per cent, believed that just 5 per cent or less of their pay was put towards their benefits.

In reality, British companies typically contribute between 20 and up to 40 per cent of salary in additional benefits.

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