Thirty-five percent of EBCs are not offered benefits package by employers, but more than half always advise their individual clients to take employee benefits on offer.
More than a third of employee benefit consultants are not offered an employee benefits package by their own employers, new research* from MetLife Employee Benefits shows. The nationwide survey found 35 percent of EBCs are not eligible for any employee benefits in addition to a company pension scheme. Around 33 percent of those surveyed are offered employee benefits in addition to a company pension. But the research demonstrates EBCs do recommend taking advantage of employee benefits when advising their clients. Around 54 percent say they always recommend clients to take employee benefits offered by their employer while 42 percent say they make their recommendation based on the price of the benefits.
Tom Gaynor, Employee Benefits Sales Director of MetLife UK said: “There is general acceptance that a well-designed employee benefits package increases staff loyalty and helps retain talented employees: “Clearly however cost is an issue for both employers providing employee benefit packages and for the consultants who advise clients on whether to take up the benefits offered. The ongoing introduction of auto-enrolment is acting as a trigger for companies of all sizes to review employee benefits in line with pension provision and is proving to be positive for the market as a whole.” Around 31 percent of the EBCs surveyed by MetLife are sole traders or self-employed and do not have access to employee benefits.
