Financial services firms more optimistic about future prospects

FINANCIAL SERVICES

Financial services firms more optimistic about future prospects

The financial services sector seems more positive about the coming year in comparison to respondents across all other sectors, according to the latest research from Thomsons Online Benefits. Almost half of financial services respondents anticipate a pay rise of either 2% or 3% in the coming year.

These are just some of the newest industry insights revealed in the first Thomsons “Employee Rewards Watch: Financial services”, in which 47 financial services organisations took part.

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Key findings

  • More financial services respondents are able to report how much they are spending on employee benefits (52%) than all respondents (30%).

  • Two in ten of financial services respondents (21%) are still unable to measure the effectiveness of their strategy - twice that of the total population (10%).

  • Looking into 2010, financial services organisations will be focusing on employee engagement (49%) and reviewing their benefits/reward strategy (43%).

Want to know more?

Title: Employee Rewards Watch: Financial services 2010, Thomsons Online Benefits, June 2010.

Availability: For more details about the research visit www.thomsons.com/reward-news-knowledge/thought-leadership-and-research.

Thomsons Online Benefits says: “Since our inception, our vision has been to transform employees' appreciation and understanding of their reward package and to remove the administration and communication headaches organisations suffer as a result of running them.” For more details visit www.thomsons.com.