More than half of Irish workers say their benefits package meets their needs, according to new research.
The survey, conducted by global consulting firm WTW as part of a study into employee attractiveness and retention, also shows that there is a higher level of satisfaction about benefits among male employees as compared to females.
Some 57 percent of workers in Ireland were happy with their retirement and health benefits, according to the survey conducted among more than 800 employees across a wide range of industries. Some 65 percent of men said their benefits needs were being met, compared with less than half of female employees, compared to 49 percent.
The research also found that employees are more likely to stay with their employer where their benefits package meets their needs, something that has increased at a time when labor shortages are becoming increasingly prevalent in various industries. Is.
The survey found that 54 percent of employees said their company’s retirement program was a significant reason for working for their employer, compared with 27 percent in 2015. And 65 percent of employees identified their company’s healthcare program as a reason to work for their employer. 27pc in 2015.
David Glennon, director of health and benefits at WTW, said: “Employers are under pressure to find ways to better meet the needs of their employees, especially when more than half of workers in Ireland are positive about their benefits package. ” “It is clear from research and from what we are seeing in the market that health and retirement benefits are now viewed by employees as essential benefits.
“Employers in an increasingly competitive market must view the strength of their overall package in relation to the needs of their employees. Benefits packages that meet the needs of employees result in greater retention and are associated with greater work engagement,” They said.
“The key to moving forward for companies is to instill confidence in profit selection and this is strongly linked to effective support from employees.”