MortgagesMortgages as an employee benefit

In an active job market, employee benefits are attraction and retention battlegrounds. As firms compete to offer the most innovative schemes, there’s a new kid on the benefits block.

An Englishman’s home is his castle – but it’s becoming increasingly hard to own that castle, especially for younger people. With house prices soaring, it’s not surprising home ownership has fallen from 70% to 64.6% since 2005.

Should employers be stepping in? Professional services firm KPMG certainly seems to think so. It operates in a notoriously competitive sector, where attracting and retaining top talent is essential. So it was a desire to stand out as an employer of choice that led the business to look at how it could facilitate mortgages for its employees, and which ultimately led – after a tender process – to a tie-up with both the Clydesdale Bank and Yorkshire Bank.

SOURCE: hrmagazine.co.uk

 

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October 22, 2015 in Resource Centre