Gallagher’s 2022 Benefits Strategy & Benchmarking Report – Executive Summary

Our survey found, the top three organisational challenges affecting firms are as follows:

1. Appealing to a diverse workforce with different preferences
2. Increasing cost of benefits within tight budgets
3. Communication

The top three benefits challenges we identified have remained the same the last three years - although this year, first and second have swapped places - putting ‘appealing to a diverse workforce’ on top.

• Of those firms who are planning changes, 79.1% will be enhancing benefits, an increase compared to last year – 70.7%
• 73% are looking to improve communication
• 47.8% want to improve flexibility, in order to extend individual choice
• Only 5.2% are looking to remove benefits, even in these difficult cost saving times - which shows that benefits are a valued part of the employment package

Building on the report’s findings – listen to our webinar above, as we take a deep dive into some of the most important trends shaping the future of the workplace in a turbulent environment, in our short webinar. Topics covered will include:

• The top workplace trends impacting UK firms
• The talent attraction and retention challenge
• The Employee Value Proposition (EVP) and why it’s important
• Why Diversity, Equity and Inclusion is now at the forefront of business agendas
• What you need to do to adapt to the future of work