Staff will swap pay cuts for employee benefits - Friends Prov

Results from the provider's Visions of Britain 2020 study suggest employers should think twice before reducing these packages as they can be key to staff recruitment and retention. It found that over one third (34%) of those surveyed would be prepared to take a pay cut to receive health insurance, and a further 21% would accept a lower salary to receive income protection from their employer. The provider is urging employers to resist temptations to make cuts to group risk and health insurance benefits, as these benefits are highly valued by staff as part of their overall employment pa...