12% of workers attracted to current role by pension contribution level

Just over one in 10 (12 per cent) workers said that the level of pension contribution was one of the things that attracted to them to their current role, research from Aviva has found.

Overall, the level of pension contribution was ranked eighth on the list of things that attracted workers to their current jobs, ahead of both bonuses and perks, which were mentioned by 11 per cent and 8 per cent of respondents respectively.

Aviva noted that the 12 per cent of respondents who identified the level of pension contribution as something that attracted them to their job represented an increase of 1 percentage point from the 11 per cent of respondents in 2019.

The research also discovered that work/life balance and salary were the two aspects that most attracted workers to their current role, being mentioned by 41 per cent and 36 per cent of employees respectively, representing at least three times as many respondents as those citing pension contribution levels.

Aviva head of client engagement, Laura Stewart-Smith, commented: “The workplace benefits package on offer and the level of employer pension contributions are clearly both still important to employees in a post-pandemic world.

“However, it is a tough time right now and it’s understandable that employers might be feeling like they struggle to provide a competitive package.

“Employers may be able to help improve their situation by taking-up the benefits which are on offer.

“It might be a surprise to some what their employer has on offer – for example, financial education seminars, salary sacrifice, higher pension contributions, low-cost loans, or childcare vouchers.”

    Share Story:

Recent Stories

Sustainable investing for DC schemes
Laura Blows discusses sustainable investing for defined contribution plans with BlackRock head of UK & MEA global consultant relations, Claire Felgate, in Pensions Age’s latest video interview

Spotlight on Emerging Markets
Francesca Fabrizi talks emerging markets with Polar Capital’s head of Emerging Markets & Asia, Jorry Nøddekær, exploring the opportunities for pension funds in the current global setting

Sustainable Investing
Laura Blows speaks to Royal London Asset Management sustainable fund manager, George Crowdy, about global sustainable equity investing
The latest in multi-asset credit
Laura Blows discusses the high-yield market and multi asset credit with Royal London Asset Management senior fund manager, Khuram Sharih