Marvin OnumonuSix in 10 young professionals want more financial support from their employers due to rising energy bills, according to research from Zest.
Water UK announced that the average water bills for households in England and Wales will increase by 26% to over £600 annually from April.
The survey found that half (51%) of employees aged 18 to 34 are worried about increased housing costs, while two in five (42%) are calling for more financial aid for childcare.
Two-thirds (67%) said the high cost of living made employee benefits crucial when choosing a workplace, with six in 10 (56%) admitting they would switch jobs for better benefits.
Half (52%) of young people cited the benefits packages as the most important thing they look for in employment.
Matt Russell, CEO of Zest, said: “The latest spike in bills will pile more pressure on household finances – employers have a vital role to play in offering the enhanced financial support to their employees.
“Employers must ensure they listen to which benefits are most important to their employees – right now, it’s clear that employees are favouring financial support to ease the pressure of rapidly mounting costs.”
Russell added: “Organisations that are able to meet employee demands around reward packages can boost morale and productivity, providing them with a competitive edge.
“However, employers must ensure they have access to benefits technology that enables them to track the uptake on specific benefits, communicate with employees to understand their needs and adapt support as needed.”
