Employee Benefits in United Kingdom (UK) 2021

Employee Benefits in United Kingdom (UK) 2021

  • February 2021 •
  • 77 pages •
  • Report ID: 6022199 •
  • Format: PDF
Employee Benefits in United Kingdom (UK) 2021

Summary
The UK has one of the most comprehensive and well-established welfare systems in the world.It is predominantly controlled by the social security system.

Welfare benefits in the country are disbursed under various schemes, such as cash benefits, healthcare, education, housing, and personal social services. Cash benefits are classified into three subgroups: national insurance; means-tested; and non-contributory benefits.

Key Highlights
- The Department of Work and Pension (DWP) is responsible for the overall functioning of the UK’s social security system.
- The DWP ensure a decent income for pensioners and encourage people to save for retirement, it ensure value for money and reduce fraud and error. It encourage people to work. The DWP ensures to reduce work-related injuries and diseases with the help of a Health and Safety Executive
- The National Health Service (NHS): This provides medical, dental, and ocular treatment free of charge for people living in Great Britain and Northern Ireland
- In the UK, private retirement benefit plans are provided under Pillar II. Pillar II comprises occupational, company, or workplace pension schemes.

The report provides in-depth industry analysis, information and insights of the employee benefits in UK, including -
- Overview of the state and compulsory benefits in the UK, detailed information about the private benefits in the UK, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in the UK.

Scope
This report provides a detailed analysis of employee benefits in the UK -
- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
- It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, family benefits, unemployment, leave and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in the UK

Reasons to Buy
- Make strategic decisions using in-depth information related to employee benefits in the UK.
- Assess the UK’s employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in the UK.
- Gain insights into key organizations governing the UK’s employee benefits, and their impact on companies.
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