Digital insurance and benefits broker Hooray Health & Protection has released the results of a new survey into the workplace benefits needs of startup employees.
The What Workers Want 2021 study surveyed 641 startup employees on their experience of workplace benefits.
Among the findings were that health insurance was the most popular benefit with 57% placing it in their top three, followed by life insurance at 45%.
The survey also asked about the benefits that would have the biggest impact on mental wellbeing, with 57% saying access to mental health services.
“It’s clear from our survey of 641 start-up employees that health and wellbeing is uppermost in people’s minds and there are no prizes for guessing why this might be,” said Charlie Cousins, MD of Hooray Health & Protection. “But I don’t expect this to be a short-lived trend as the general issue of physical and mental wellbeing was already rising in prominence prior to the pandemic.”
The survey did find that most companies were meeting employee needs, with 88% of survey respondents saying that the benefits they received aided their sense of wellbeing.
Other key findings of the survey include the fact that:
- 93% of start-up employees said that they received benefits from their employer
- 77% said they were happy with the benefits they receive
- 55% of respondents believe their benefits package is better than the average person’s, versus 20% believing it’s worse
- 78% of workers say their employer has sought their feedback on employee benefits
“It appears that the UK’s vibrant community of start-up leaders are taking the issue of employee wellbeing very seriously. In my experience of working with ambitious young businesses, this doesn’t surprise me,” said Cousins.
“However, the job is never done, and businesses of all sizes must continue to seek out the wants and needs of their employees in order to provide them with the benefits they value most.”
