26 Mar 2015
Despite the government’s best efforts to make the work place more family-friendly, the latest Croner Reward Employee Benefits Report by Wolters Kluwer reveals that less than half of employers (48%) offer enhanced maternity payments and only a third offer paternity leave above the statutory minimum. The specialist annual report reviews the benefits offered to employees by organisations from a broad range of industry backgrounds and sizes across the UK. Split into six sections, the report covers areas including healthcare, travel and company cars. Commenting on the findings, Viv Copeland, Croner Head of Reward at Wolters Kluwer, says: “While some family friendly benefits such as flexible working and childcare vouchers have really grown in the last few years, the offer of enhanced maternity and paternity leave and pay still has a long way to go. The recent legislation around shared maternity/paternity leave should bring some fresh thinking to this area from parents and employers alike.” Key findings of the Croner Reward Employee Benefits Report 2014-15
- 48% of participants offered enhanced maternity payments, with the most common enhanced scheme being 12-13 weeks at full pay.
- Just under a third of participants offered paternity leave above the statutory minimum, with 62% offering full pay for a period of two weeks.
- 49% of respondents stated that their adoption leave policy mirrored the maternity benefits offered.
- 92% of participants said that their organisation offers flexible working. The most common options offered were part-time working (91%), staggered hours (66%), flexitime (53%) and career breaks/sabbaticals (41%).
- 21% of organisations stated that they do not have a formal policy regarding compassionate leave, but they give management the discretion to authorise appropriate leave periods.
- 36% companies indicated that they give employees the option to buy or sell up to five days of holiday.
- 88% of organisations have an enhanced sick pay scheme. The majority of participants give 10 days’ full pay as the minimum entitlement and six months as a maximum.
- 78% of participants offer salary sacrifice benefits, of which childcare vouchers are the most popular and pensions the second most popular.
Free to Download Employer Resources
Ready to focus on what you do best?
Get your free consultation and speak to an expert today.