Many employees don't understand the total value sitting in their benefits packages and more than that many don't understand how to make the most of their reward and benefits to improve their own financial wellbeing.

Making the most of reward and benefits can make a real difference to individual employees - the equivalent of a pay rise.

So before looking whether reward needs to increase or more benefits need to be added, the answer is to ensure that all employees understand and are making the most of what's there already.

Financial education is the key to unlocking the value from all reward and benefits and should be the first step to ensuring  employees are making the most of what's on offer in the workplace.