The vast majority (92%) of UK employees think organisations should support staff with the cost of living, according to a new study.
Research by Town & City Gift Cards, which surveyed more than 1,000 organisations and individuals, also revealed that nearly three in four (72%) workers are worried about rising costs.
Almost two in three (63%) employees cited work-life balance or wellbeing as their key concern at work, with 82% claiming employers are responsible for supporting staff with their main workplace problem.
Most (86%) of those polled think organisations should provide Christmas rewards, while 83% would like to receive a gift card from their employer during the festive season. More than 90% believe this would increase their motivation, with 32% claiming this would last for one to three months. Nearly three in 10 think they would stay motivated with a gift card for four to six months, while a similar percentage (28%) say they would be more motivated for 10-12 months.
In addition, one in five (20%) of respondents expect their employer to spend £41- £60 on festive rewards.
The study also revealed that nearly 40% of workers have thought about leaving their jobs and that more than nine in 10 (91%) are more likely to want to work for an employer that provides a good selection of benefits or rewards.
Among the organisations surveyed, nearly all (98%) reported that their workforce’s needs had shifted post-Covid, and 71.2% said meeting these needs was their key criteria when implementing a new benefit or reward.
Fintech Miconex, the company responsible for the Town & City Gift Card, carried out the research.
Commenting on the findings, Colin Munro, managing director of Miconex, said: “Employee needs continue to evolve post pandemic and our research shows that the majority of organisations have made some changes to their rewards and incentives to accommodate these changing needs.”
