Member Article

Job ads 'should detail all benefits'

Job adverts should include all details of salaries, pensions and other benefits, according to a survey of British workers conducted by AXA and reported by online recruitment website onrec.com.67% of employees and 42% of senior managers believe that it should be compulsory for employers to provide details of all employee benefits offered within job adverts, including pensions, health insurance, bonuses and other benefits offered on top of salary. Despite their apparent confidence in the value of benefits packages offered by their companies, just 27% of senior managers surveyed claim to benchmark their own firm’s benefits packages against competitors’. In addition less than half of senior managers say their firm has conducted a review of the benefits packages they offer within the past year.Former pensions minister, the Rt Hon John Denham commented: “I made a similar proposal in a Private Members Bill last year which received support from across the pensions industry While the Government’s pension proposals will give most people a much stronger foundation for retirement, many will want and need additional pensions savings. We need to make it easier for employees to identify which companies offer the best deal on pensions and pay.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .