Section 5: the benefits
package
The majority of respondents
across the survey said that
they are a member of a pension
scheme (57%), while 5% admit
they don’t know whether they
have access to a pension,
THE BOOKSELLER SALARY AND BENEFITS SURVEY 2008: THE RESULTS FLAGSHIP FEATURE: XXXXX
11% say that they have never
bothered to find out about it,
11% say they are offered access
to a scheme but that it isn’t
worth joining and 15% say that
they are not offered access to a
scheme at all.
Of those who are offered
access to a pension scheme,
Q1 ARE YOU OFFERED ACCESS TO A PENSIONS SCHEME?
TOP 10 BENEFITS IN THE
PUBLISHING INDUSTRY
Yes, I am a member
No
(Sample: all respondents, 411 participants)
Q2 WHAT TYPE OF PENSION ARE YOU A MEMBER OF?
Other
RANKED BY AVAILABILITY
I don’t know
A stakeholder plan
A group personal pension
A final salary scheme
(Sample: 233 respondents with access to a pension scheme)
1. Books (free or subsidised) 65%
2. Bonuses 44%
3. Season ticket loan 38%
4. Generous holiday amount (more than
the 24 days statutory for a full-time employee) 36%
5. Flexible working hours 34%
6. Private healthcare (free or subsidised) 28%
7. Death-in-service benefits 28%
8. Summer hours 20%
9. Gym membership 19%
10. Tax-free bikes-to-work scheme 19%
When asked whether they would change
jobs for a role where better benefits were
available, the most popular response across
all three sectors of the industry questioned
was “maybe, but it isn’t the only factor”.
This was the answer given by 66% of those
in the publishing industry, 63% of those
in the library services sector and 52% of
those in the bookselling sector. However,
12% of those in the publishing sector say
that they would “definitely” swap jobs for
Yes, but it isn’t worth joining
Yes, but I have never bothered to find out about it
0% 10% 20% 30% 40% 50% 60%
I don’t know what type a scheme it is
A money purchase scheme
0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%
With final salary schemes receiving much publicity of late, this dying breed is only offered to 9% of those in the publishing sector and 2%
of those in the bookselling sector, but is on offer to the majority of respondents in the library service sector, where 59% state that they are
a member of a final salary scheme. Factoring this in, it is not surprising that a fifth of respondents in the library services sector say they
think their overall package is adequate (20%), compared with 15% in publishing and 4% of those in the bookselling sector.
TOP 10 BENEFITS IN THE
BOOKSELLING INDUSTRY
RANKED BY AVAILABILITY
1. Books (free or subsidised) 65%
2. Bonuses 35%
3. Death-in-service benefits 21%
4. Flexible working hours 21%
5. Generous holiday amount (more than
the 24 days statutory for a full-time employee) 19%
6. Share scheme 15%
7. Long-service awards 8%
8. Company car 8%
9. Meals (free or subsidised) 8%
10. Season ticket loan 6%
better benefits, while a further 12% say that
they would probably change jobs but that
this would depend on the benefits on offer.
An even higher amount (20%) of those in
the bookselling sector say that they would
“definitely” change jobs for a better benefits
package, while 13% of those in library
services say the same.
It seems that across all sections of the
industry there are benefits employees
would like to receive but are not currently
14% say that it is a final salary
scheme, 14% say it is a group
personal pension, 3% have
access to a money purchase
pension scheme, 6% are
offered a stakeholder pension
and 19% say that they don’t
know what type of scheme it is.
The most popular contribution
Q3) What type of
pension are you a
member of (library
services)?
A final salary scheme 59%
A group personal
pension 2%
A money purchase
scheme 0%
A stakeholder plan 2%
I don’t know what
type a scheme it is 18%
Other 0%
(Sample: everyone in the
library services sector)
Q4) What type of
pension are you a
member of (bookselling
sector)?
A final salary scheme 2%
A group personal
pension 6%
A money purchase
model across the three sectors
questioned was for employers
to match the contribution level
of their employees. This is the
case for 40% of those in the
library services sector, 17%
of those in the bookselling
sector and 32% of those in the
publishing sector.
TOP 10 BENEFITS IN THE
scheme 2%
A stakeholder plan 4%
I don’t know what
type a scheme it is 6%
Other 2%
(Sample: everyone in the
bookselling sector)
Q5) What type of
pension are you a
member of (publishing
sector)?
A final salary scheme 9%
A group personal
pension 16%
A money purchase
scheme 3%
A stakeholder plan 6%
I don’t know what
type a scheme it is 21%
Other 1%
(Sample: everyone in the
publishing sector)
LIBRARY SERVICES INDUSTRY
RANKED BY AVAILABILITY
1. Generous holiday amount (more than
the 24 days statutory for a full-time employee) 59%
2. Death-in-service benefits 48%
3. Flexible working hours 17%
4. Season ticket loan 25%
5. Tax-free bikes-to-work scheme 23%
6. Training allowance 20%
7. Gym membership 18%
8. Bonuses 16%
9. Sabbaticals 11%
10. Private healthcare 11%
offered. Around 30% of those in the
bookselling industry say that this is the
case, while 20% in library services and 28%
in publishing say the same.
Annual bonuses are the most popular
way of incentivising staff in the bookselling
(31%) and publishing (39%) sectors, but
these are less widely used in the library
sector according to respondents, only 11%
of whom say they are offered access to an
annual bonus.
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