Benefit Design Trends, United Kingdom

Benefits are crucial in attracting and retaining talent. Mercer can help you understand what benefits are available in the UK market and the design trends that other companies have in in place.

Mercer are able to put together bespoke reports based on your specific requirements or you can request a standard report. The report can be purchased for the general UK market or they can be cut by a specific industry.

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Benefit Design Trends, United Kingdom

Employee Benefits Trends Report

The Benefits Trends reports can cover a wide range of benefits that fit into financial, protection, health and lifestyle categories. The reports are designed to provide you with insight into the design, structure, funding, engagement and providers of a benefit; however, the level of insight will vary depending on the benefits reported on. A full list of the benefits and the data points subject to analysis can be found on the next tab.

For bespoke reports, each data point will cost £250 per industry data cut*.

For standard general industry reports, the cost and the data points will be listed on the third tab.

*Mercer will assess the data available to determine if a bespoke request can meet your requirements before an agreement is reached to proceed.

Group Life Assurance

Definition of Salary*
Lump Sum Benefit*
Early Retirement Cover*
Maximum Insured Age*
Redundancy Cover
Temporary Absence Provision
Eligibility

Medical

Underwriting approach*
Outpatient Cover Limit*
Excess/Co-Payment*
Mental Health Cover*
Subsidy
Cancer Coverage
Cancer Cash Benefit
Inpatient Psychiatric Treatment
Specific Stop Loss
Virtual GP
NHS Cash Benefit
Maternity Cash Benefit
Eligibility

Group Income Protection

Definition of Salary*
Basic Benefit*
Maximum Insured Age*
Definition of Incapacity*
Basic Benefit Deduction
Deferred Period
Escalation
Pension Fund Contributions Cover
Employer National Insurance Contributions Cover
Limited Benefit Payment Term
Capital Option
Eligibility

Workplace Savings

Provider Charges*
Minimum Auto Enrolment Contributions Employee*
Minimum Auto Enrolment Contributions Employer*
Salary Exchange*
Pensionable salary definition
TAA / LTA policy
Bonus Exchange
Max employee contributions
Max employer contributions
National Insurance Rebate

Available Data Points

Finance

Pension

Default Employer Contributions
Maximum Employer Contributions
Default Employee Contributions
Employee Contribution required for ER maximum
Average contributions

Benefit Allowances

Prevalence
Types of allowance
Values of an allowance

Car Salary Sacrifice

Prevalence
Provider breakdown

Mortgage Advice

Prevalence
Provider breakdown

Workplace ISA

Prevalence
Provider breakdown
Expected engagement

Health

Private Medical

Prevalence
Underwriting approach
Outpatient cover limit
Excess / Co-payment
Funding and subsidies
Expected engagement
Inclusion of gender dysphoria or neurodiversity

Dental Insurance

Prevalence
Funded or voluntary
Funded levels
Expected engagement
Provider breakdown

Health Cash Plan

Prevalence
Funded or voluntary
Funded levels
Expected engagement
Provider breakdown

Health Assessment

Prevalence
Funded or voluntary
Funded levels
Prevalence of a partner scheme
Expected engagement
Provider breakdown

Gym Memberships

Prevalence
Funded or voluntary
Funded levels
Expected engagement
Provider breakdown

Fertility Support

Prevalence
Level of Support
Provider breakdown

Menopause Support

Prevalence
Level of Support
Provider breakdown

Protection

Life Assurance

Prevalence
Lump sum benefit
Definition of salary
Prevalence of a flex benefit and expected engagement
Prevalence of a partner scheme and expected engagement

Income Protection

Prevalence
Basic benefit
Definition of salary
Deferred period
Payment term
Prevalence of a flex benefit and expected engagement

Critical Illness

Prevalence
Funded or voluntary
Funded levels
Expected engagement
Prevalence of a Partner scheme and expected engagement
Provider breakdown

Travel Insurance

Prevalence
Funded or voluntary
Funded levels
Expected engagement
Provider breakdown

Personal Accident

Prevalence
Funded or voluntary
Funded levels
Expected engagement
Provider breakdown

Will Writing

Prevalence
Expected engagement
Provider breakdown

Lifestyle

Holiday Trading

Prevalence
Maximum days to buy and sell
Expected engagement

Cycle to Work

Prevalence
Voucher limits
Expected engagement
Provider breakdown

Family Care

Prevalence
Types of scheme
Funding or subsidies
Provider breakdown

Discounted Shopping

Prevalence
Provider breakdown

Technology Scheme

Prevalence
Purchase limits
Expected engagement
Provider breakdown

Charitable Giving

Prevalence
Matched or voluntary
Matched values
Expected engagement
Provider breakdown

Dining Card

Prevalence
Expected engagement
Provider breakdown