One in five employees quit SMEs for better benefits – Pure Benefits

Nearly one in five employees at small and medium-sized enterprises leaves their job each year blaming a lack of benefits compared with larger companies. As many as 60% of small firms are confused by the employee benefits options on offer and do not know how to find cost-effective solutions for employees, according to a survey by Pure Benefits.

Stuart Gray, founder and chairman of the online benefits provider, says:

‘The small business brain drain is a growing issue for small companies with nearly one in five staff leaving every year simply because they are not receiving the benefits the big firms provide. That is a major brake on the ambitions of small business owners who our research shows are committed to expansion. Around 80% of companies told us they want to grow while 47% say they want to protect their business. Well-designed and cost-effective employee benefits are a major driver in enabling businesses to grow and ensure staff feel valued and are more productive as a result.’

Pure Benefits enables business owners to ‘source cost effective benefits including life insurance, income protection, dental insurance, business travel insurance, critical illness and key person cover from leading providers including Unum, Aviva, Vitality, National Dental Plan and Millstream’: www.purebenefits.co.uk