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Business loan for potential job advert changes
Reported on Mon, 17 Jul 2006
Employees and businesses are calling for further explanations of benefits and pension packages in job adverts and a business loan could help to fund any changes.
Over two-thirds of employees in the UK think that it should be compulsory for job adverts to contain details of any benefits offered on top of the salary, including pension, health insurance and bonus schemes.
Showing these details in job adverts would allow applicants and current employees to compare packages between competing companies, according to a new study from Axa.
It will also encourage employers to review their benefit and salary packages and ensure communication channels regarding pay are open from the very beginning of a new employment contract.
Steve Folkard, head of pensions and savings at Axa, said: "Clearly there is broad recognition amongst employers and their staff that pensions and other benefits are as important as the salary. So it makes sense that the complete remuneration package should be a key consideration for all job applicants."
"Effective ongoing communication is the best way to ensure that employees understand the real value of what their employer is providing."
Business owners wishing to improve levels of communication in their company could benefit from a business loan to fund any schemes or developments needed.
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