Employers questioning cost of employee benefits packages - MetLife

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More than a quarter of private sector employers are looking to reduce employee benefit costs by cutting holiday entitlement for staff, according to new research.

Met Life's survey found more than a third of employees would accept it, but only if they received a pay rise. However, the International Employee Benefits Trends Study showed 10% of employees have been offered an enhancement to their employee benefit package in lieu of a pay rise. Of those 48% have been offered more paid holiday while 42% have been offered more flexible hours and 25% increased employer pension contributions. The study of SMEs revealed 27% of companies believe they are too generous with holidays and that 25% are considering cutting paid holidays. Meanwhile six ou...

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