Management Consulting
Aon
Full Credential Description
In the context of the intense labor market in the UK, Aon's Benefits and Trends Survey 2022 revealed significant challenges faced by employers in recruiting and retaining talent. Specifically, 41% of employers reported increased difficulty in retaining staff, while 44% found it harder to recruit new employees. This shift in the labor market, exacerbated by the COVID-19 pandemic, has led many organizations to reconsider their employee benefits strategies. To address these challenges, employers have begun to enhance their Employee Value Proposition (EVP) by focusing on flexibility, wellbeing, and clear values. The survey indicated that 81% of employers recognized the need to adapt their benefits strategies to meet the expectations of future generations. Notably, 85% of employers believed that a strong EVP positively impacts recruitment and retention, while 75% noted its effect on employee engagement. In response to the changing work environment, many companies have implemented agile working policies, with 50% of organizations adopting such measures, up from 43% the previous year. Additionally, over a third of companies provided financial support for home office expenses, and 87% supplied necessary technology to facilitate remote work. A significant 84% of employers are also focusing on building a resilient workforce by promoting healthy routines among employees, ensuring adequate working conditions at home, and encouraging regular breaks. These tailored solutions reflect a strategic shift in how companies are approaching employee engagement and retention in a competitive market, highlighting the importance of adapting benefits to meet evolving employee needs.