View more on these topics

90% of workers would sacrifice pay for benefits

The vast majority of UK workers are willing to sacrifice part of their salary in exchange for staff benefits, according to research by Aon Consulting.

Almost 90 per cent of the 2,000 adults surveyed who are employed in regular work said they would be willing to sacrifice some of their salary for more emp-loyee benefits.

The research found that of those working a regular week, 58 per cent would opt for annual leave, with women under the age of 35 particularly favouring this choice.

Three in five people in Scotland also favour an extended holiday.

The survey shows that 56 per cent of workers are interested in taking a career break, with 69 per cent of workers in Scotland and 61 per cent of respondents in the South-east favouring this option.

Alternative health treatments are a popular choice among 50 per cent of women in Scotland, who say they would be happy to sacrifice part of their pay for this option.

However, this option is least popular with workers in Wales and the Southwest, where only 29 per cent are keen to give part of their salary towards alternative medicine.

Aon Consulting actuary and senior consultant Lisa Page says: “Clearly, emp-loyers have a fantastic opp-ortunity to meet employees&#39 requirements.

“Under a flexible benefits plan, employees can benefit from the corporate purchasing power of their employer while personally choosing the best mix of salary and benefits.”


Online delivery

Ten years ago, if you ordered something to arrive in the post, you would happily wait 28 days for its delivery, Now, you expect it the next day. Now more parts of the mortgage chain are moving online, there is pressure on lenders and brokers to keep up and ensure their part of the mortgage […]

Poll finds mobile cover a higher priority than income protection

Britons admit to having inadequate protection in case of sickness or loss of income but are unwilling to take advice to rectify the problem, according to a survey by protection provider Bright Grey. The research shows that twice as many people would take out holiday insurance than would take out critical-illness insurance and a third […]

B&B completes sale of two subsidiaries

Bradford & Bingley has completed the disposal of Charcol Aitchison & Colegrave and Charcol Holden Meehan to John Scott & Partners with the transaction becoming effective yesterday evening, 28th September 2004.

Mick McAteer

C onsumers&#39 Association principal policy adviser Mick McAteer is not known for holding his tongue about anything. He has talked the Treasury select committee&#39s ears off about what he believes is widespread misselling in financial services. McAteer has been fighting the corner for consumers who have been missold products for more than 10 years. His […]

India budget: BJP focuses on growth

By Kunal Desai, Head of Indian Equities

With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.


News and expert analysis straight to your inbox

Sign up


    Leave a comment