A new survey has revealed UK employees’ most important work benefits, with nearly 70% putting company sick pay at the top of the list.
While it’s often expected that salary is a key motivator, this certainly isn’t the case for the majority.
The Ciphr survey found that the benefits and incentives that matter most to employees were, in fact, an equally balanced mix of financial and non-financial.
Top 10 important benefits and incentives, according to employees
- Paid sick leave (cited by 68%)
- Annual pay rises that match or exceed the UK’s inflation rate (60%)
- Flexible working hours (58%)
- Pension contribution matching (54%)
- Extra holiday allowance (50%)
- Upskilling (48%)
- Employee discounts scheme (46%)
- Paid overtime (42%)
- Hybrid working (41%)
- Personalised employee development (37%)
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Are employers providing the right benefits?
The answer to this is yes.
Ciphr compared its latest findings with those from a separate survey, which asked 300 HR decision makers about their organisations’ benefits packages.
The report shows that, generally, many of the benefits that employees are looking for are being provided by thousands of UK employers.
Over half of UK employers offer seven of the 10 most-desired work incentives.
This includes:
- Upskilling (62% of surveyed employers provide this)
- Flexible working hours (59%)
- Employee discounts scheme (59%)
- Hybrid working (57%)
- Paid sick leave (56%)
- Personalised employee development (52%)
- Pension contribution matching (52%)
A further two in five employers say they provide paid overtime (46%), extra holiday allowance (38%), and annual pay rises that match or exceed inflation (38%).
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