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Employees name their pet benefits

Seven out of 10 employees would prefer to work for a company offering a choice of benefits rather than a fixed package, according to a survey by youatwork, Royal & Sun Alliance&#39s employee benefits division.

The provider warns that companies which ignore this message risk losing talented staff to rivals offering better benefit packages.

The survey shows that 63 per cent of workers would like more flexibility and choice over the benefits they are offered.

Sixty-seven per cent want the ability to change their benefit package to meet developments in their lifestyles.

London workers are most demanding when it comes to benefit selection. Sixty-nine per cent want more control of their benefits compared with 49 per cent in the East Midlands.

Long-term benefits such as pensions and private healthcare are still highly rated by employees but gym membership, childcare vouchers and even pet insurance are gaining prominence as staff benefits.

The survey was carried out last month among 1,000 employees by The Survey Shop.

Youatwork managing director Gerry Callaghan says: “Too many firms risk finding that if they do not look after their employees, a competing firm may be happy to do so. Given the increasing costs of recruiting and replacing staff, employers of all sizes should be taking a more strategic approach to benefits as a way of attracting and holding on to staff.”

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