Transport and logistics businesses at risk of missing out on
top talent due to employee benefits offering

Businesses in the transport and logistics industry were found to be at
risk of falling behind in their benefits offering to employees, a new
report has found.

The Employee Benefits Index [6] was carried out by equity management
platform Vestd [7], after new research found that up to 70% of UK
workers are on the hunt for a new role in 2024 [8].

Vestd [7] used Indeed [9] to search for 20 common benefits found in job
descriptions and filtered the results by industry. They then took the
resulting number of jobs listed and divided this by the total number of
jobs currently listed in the UK on Indeed.

In order to create the overall ranking, Vestd [7] gave each industry a
weighted score out of 100, based on the percentage of jobs that had each
benefit, and totalled up the scores to give a score out of 2,000. The
higher the score, the better the benefits packages offered in that
industry.

The transport and logistics industry scored just 351 out of 2000 in the
Employee Benefits Index [6].

With more work to do on offering a wider selection, the most commonly
offered benefit in the industry was cycle to work after analysing over
8,700 job descriptions.

Also at risk of falling behind in providing an attractive benefits
package to prospective employees were the education, healthcare and real
estate industries.

Commenting on the research [6], Ifty Nasir, founder and CEO at Vestd
[7], said:

“While many companies like to shout about the office pool table or
mini bar, we’re seeing people veering away from these sorts of quirky
benefits while on the hunt for their next role.

“Given the cost of living crisis, employees are now on the lookout for
tangible benefits that offer a true reward for their hard work or help
them to achieve their day-to-day duties in the role. Employees are much
more inclined to buy into the ethos of the company if they’re given
shares as part of their compensation package. According to our research
[10], 45% of businesses that responded said that having a share scheme
in place made it easier to attract talent.

“It’s interesting to see the likes of retail and hospitality among
the biggest providers of share options and expected industries but it
certainly draws attention for the need of other industries to follow
suit.”

To view the complete research and index in full, please visit:
https://www.vestd.com/blog/uk-businesses-benefits-report [6]