Belfast Telegraph

UK Website Of The Year

UK workers ditch benefits to boost pay

Published 11/10/2010

An increasing number of workers are ditching company benefits in a bid to boost their salaries, research indicated today.

Around 38% of companies have noticed a growing trend during the past two years of employees opting out of benefits, such as company pension schemes or life insurance, in order to have higher take-home pay.

Marco Forato, Unum's chief marketing officer, said: "Although there's no denying that a lot of people are struggling financially, workers should only opt out of long-term financial benefits as a last resort."

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?

Read More

From Belfast Telegraph