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Downturn has led to greater interest in 'employee benefits'

Published: Monday, 09 May 2011   Category: All Graduate job news

There is a bigger interest in employee benefits in graduate roles and other jobs, due to the economic downturn, according to Lorica.

Matt Duffy, partnerships manager at the consultancy, has said that the pressure placed on people's finances has made them take a closer look at their outgoings and in some cases investigate whether their employers can cover the cost instead.

"People are looking to see what benefits are provided to them by their employers that could actually replace insurance-based products that they've taken out at home," he explained.

"For example, people might be moving away from having life assurance at home because they realise that actually it is covered through their employer."

University-leavers searching for graduate vacancies should look into any benefits they will receive, outside of remuneration.

A recent survey by the Canada Life Group Insurance recently found that 61 per cent of people take the benefits on offer to them into account when considering a new job role, an increase from 52 per cent surveyed in 2009.

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