Private medical insurance is the most important company perk that employees look for in their benefits package.
33% of employees state this but only 15% say their employer offers this currently.
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This is according to research from employee benefits technology provider Zest.
Other well known wanted perks include increased pension contributions (32%), employer support on energy bills (24%) and a wellbeing allowance (20%).
Furthermore, four in ten (42%) employees aged over 55 named private medical insurance as their top benefit.
In addition, women were more likely to prioritise private healthcare support – 37% of female employees claimed this was the most important benefit compared to 29% of men.
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By GlobalDataHowever, the research also shows that 40% of businesses are offering this to employees showing a knowledge gap between firms and their staff.
Three quarters (73%) of HR professionals believe private medical insurance is now a necessity in the workplace.
The latest NHS statistic display that over 7.6 million people are on the waiting list across England.
Matt Russell, CEO at Zest, said: “With NHS waiting times on the rise employers are seeing increased demand for private healthcare insurance.
“Greater numbers of employers need to introduce private medical insurance into their benefits packages – not doing so risks losing out on key talent as employees may be forced to turn elsewhere.
“The research also highlighted that many employees remain totally unaware that they may have access to private healthcare – organisations need to ensure that they are effectively communicating their benefits offering to boost engagement and ensuring employees aren’t losing out.”
Zest is an employee benefits technology company with over 500 customers, including Hargreaves Lansdown, Taylor Wimpey, Yahoo and Travis Perkins, serving over 300,000 employees.
