Charity pension promotion 'not good enough'

Acevo has warned that charities must do more to promote in-house pension benefits to staff after it found that only a quarter have more than 80 per cent of their workforce enrolled on their schemes.

The chief executives body’s latest Employee Benefit Survey reveals that only 26 per cent of the more than 300 organisations that responded said at least 81 per cent of staff took part in their pension scheme.

Although 82 per cent said they write to staff to let them know they are eligible for the scheme, only 29 per cent said they hold regular seminars to promote them among staff.

Almost 70 per cent of charities described themselves as either “satisfied” or “very satisfied” with staff pension scheme take-up.

Ian Bird, principal partner at Foster Denovo, which supported the research, said it was crucial that charities made the most of the benefits they offered to help recruitment.

“The need for effective employee benefits cannot be underestimated,” he said. “As the employment market becomes increasingly competitive, third-sector employers must be clever about how to use their resources to attract and retain the best employees.

“Within some organisations, it would appear, a lack of understanding has resulted in poor staff engagement and low take-up rates.”

Seb Elsworth, head of policy at Acevo, said it was important that voluntary sector workers were provided with information about pensions and other benefits so that take-up increased.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in
RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now