Employee motivation: One-quarter aren't making full use of incentives and recognition, says study

Date: 03/06/2011

One-quarter of employees are not making full use of their incentives and recognition packages, research has said.

According to Standard Life's Insights into Financial Responsibility report 25 per cent are not making the best use of their benefits, while 31 per cent are not confident about their financial security by the age of 60, Employee Benefits said.

Almost 70 per cent said they do not have enough information with regards to planning their financial future.

John Lawson, head of pensions policy at Standard Life, said: "We all have goals we want to achieve in life, travelling the world, retiring in style and staying financially secure: it is why we look forward to the future.

"Yet our research shows that very few of us get round to planning ahead to make sure these goals are achieved. This is a huge challenge for providers and employers."

Recently, Matt Duffy, partnerships manager at Lorica, said that workers are becoming increasingly interested in staff incentives schemes such as pensions contributions, childcare vouchers and cycle to work programmes.

Posted by Elizabeth Mewes

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