Tenth Edition of Employee Rewards Watch Survey Launches Today

LONDON, ENGLAND, September 27, 2012 (Press-News.org) Employee Rewards Watch (ERW) was first launched a decade ago in 2003 with around 430 organisations taking part. Ten years on, it remains the UK's most authoritative benchmark of employee reward and benefits trends and industry practice. The very first survey revealed that less than 1% of respondents perceived that dealing with pension legislation was their biggest challenge. The 2012 edition showed that by the end of 2012, this will have risen to 40%. What's more, only 5% of organisations that took part had a flexible benefits scheme in place, whereas by the end of 2011 it had risen to 40%. Last year showed that salary sacrifice is increasingly popular, with 91% of respondents operating salary sacrifice versus 68% in 2008. With the imminent introduction of automatic enrolment legislation this year and payroll teams preparing for new HMRC Real Time Information requirements in April 2013, the challenges for employers in administration, cost management and ROI on benefit and reward processes and spend has never been greater.

Michael Whitfield, Chief Executive, commented: "A decade ago, when we launched the very first Employee Rewards Watch Survey, we set out to deliver quality market insight to HR and reward professionals industry-wide to enable them to stay on top of the latest trends and issues in the industry. Ten years later, with a rapidly changing pensions landscape and ever increasing pressure on employers in the recovery from recession, we look to continue that support and insight-generation. 2013 will see the first iteration of the report in a landscape that reflects the imminent introduction of RDR, learnings from the front-runners in compulsory pension contributions for employers and an increasing focus on health and wellbeing - and HR professionals and other board room executives will need access the latest benefits and rewards trends to allow them to manage their businesses accordingly"

ERW 2013 Fact File

Employee Rewards Watch is the UK's most authoritative employee reward and benefits survey, now in its tenth year.

Report publication date: Q1 2013

Respondents can choose to fill up to six sections depending on their area of expertise. These include Pensions, Salary Sacrifice, Reward Strategy and Governance, Flexible Benefits, Health & Wellbeing and Employee Engagement. Participants are also invited to take part in a prize draw to win an Apple iPad or one of 5 Amazon Kindles.

Twitter hashtag: #ERW2013

All respondents will receive an advance copy of the full report.

Survey link: See "Press Release Contact Information"

About Thomsons Online Benefits:

Thomsons Online Benefits help businesses gain maximum benefit from their employee reward schemes at minimum cost.

With their unique blend of consulting, communication and their award winning benefits administration technology platform, Darwin , organisations the world over trust Thomsons Online Benefits with their employee reward programmes.

Thomsons Online Benefits has won over 50 awards including 'Firm of the Year' and 'Best Use of Technology' in the 2012 Corporate Adviser Awards and attracted a prestigious portfolio of clients that includes Cisco, Microsoft and Samsung. Thomsons Online Benefits Limited is authorised and regulated by the Financial Services Authority for business conducted in the UK.