Findings from 2021 Benefit Trends India Survey
Indian employers want an inward looking benefits strategy keeping employee experience at the center.
Panel 1: 77% of employers plan to customise their benefits strategy in the next 2 years, compared to 36% today. reshape benefit strategy amid increasing focus on wellbeing and the employee experience.
Panel 2: Wellbeing, flexibility and technology are the top strategic benefits objectives for the employers. 65% of employers focus on integrating wellbeing into the benefits package, 51% want to increase the flexibility and choice and 46% want to enhance the tools and technology to support employees when choosing and using benefits.
Panel 3: Decision-making becomes more complex as employers are pulled in different directions. 67% employers have increased focus on inclusion and diversity globally, remote working (61%) and rising costs (60%) are also among the top external influences driving benefits strategy.
Panel 4: India employers measure improvements in wellbeing as the most critical benefits outcome. Improved employee wellbeing (63%), improved employee experience of benefits (60%) and effectively managed costs and risks of benefits programmes (43%) are the top measure of success for employers’ benefits strategy.
Panel 5: Key considerations for employers: Adopt a digital strategy, innovate and listen and communicate.
About the survey. India findings are based on responses from a total of 137 employers representing 879 thousand employees in the region. The survey was conducted between May 10 and June 25, 2021.
Source: 2021 Benefit Trends Survey, India
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