5 things for employers to consider when managing an increasingly age-diverse workforce. For employers, offering the right employee benefits can be tricky. After all, today’s workforce is more age diverse than ever, with sometimes five different generations of workers in one company. Indeed, data from the Office for National Statistics shows that more than 24% of people living in the …
What Are Health Cash Plans And Should You Get One?
If you’re the type of person who frequently spends money on routine medical costs, such as prescriptions or dentist and opticians appointments, a health cash plan could help you save money. Unlike most other insurance products that cover unforeseen events, health cash plans help you spread the cost of routine healthcare. What are health cash plans? In short, a health …
Measuring The Success Of Employee Benefits Packages
I’ve written before about why SMEs should be offering private medical cover to their employees. Employee benefits, including perks like income protection, critical illness cover and medical insurance, are one way that small and medium-sized businesses can compete in the race for talent. That’s because they are attractive to employees; underline a company’s image as an employer that cares; and …
9.5M Brits Have Mental Health Issues Because Of Money Worries
Worryingly, more than 18 million Brits stress over money on a daily basis, with more than half experiencing mental health issues as a result, a new study has found. According to the research by mobile bank N26, which was released to coincide with World Mental Health Day on October 10, around 9.5 million UK adults have suffered from mental health …
Why SMEs Should Be Offering Private Medical Cover To Their Employees
Paid private health insurance is the number one insurance benefit employees want the most, new research reveals. According to the survey of 1,000 SME workers by Drewberry, nearly a third of employees (31.3%) want private medical cover, which puts the perk second to only flexible hours, cited by 42.3% of respondents. The ability to work from home and life insurance …
SME Bosses Forego Holidays, Risk Burnout
Small business owners are being told to ‘take a break’ after new research shows that some haven’t had a holiday in five years. According to a new survey from Simply Business, one in 10 owners of small- and medium-sized enterprises (SMEs) haven’t taken a holiday since 2014, a reality that could lead to burnout and wider disruptions to the UK …
Brits Will Work Beyond Retirement To Protect Their Health
We recently wrote about how nearly three-quarters of UK employees plan to work beyond 65. It’s a sobering reality that highlights how an estimated 23 million individuals are planning to work beyond their 65th birthday because they feel the need to. Now, a new global survey by Aegon not only supports the findings of the study referenced in our previous …
Employee Burnout Is Real: Here’s How To Combat It
According to an article published by the World Economic Forum in October 2016, the annual cost of employee burnout on the global economy is estimated to be £255 billion a year. But what is burnout and why has a new publication by the World Health Organisation given it a lot more credibility. What is employee burnout? Employee burnout is a …
Mental Health Issues Still A Taboo Subject (And It’s Costing UK Businesses A Fortune)
New research shows that a significant proportion of European employees are uncomfortable talking about mental health issues in the workplace. According to the survey by payroll and HR solutions provider ADP, 31% of workers would not feel comfortable disclosing to their colleagues that they had a mental health issue, while 61% of employees said their employer is not interested in …
How Billions Could Be Saved By Firms That Focus On Wellbeing
In a recent blog post, we informed you about how wellbeing is stalling despite a bright economic outlook in the UK. It’s a reality that highlights how even though official figures show that economic prosperity is rising, that does not necessarily translate to improved happiness and life satisfaction. As mentioned, employers can play a significant role when it comes to …
5 Reasons Why You Should Offer Private Medical Insurance To Your Employees
Your staff are the lifeblood of your business. Without them, the success of your organisation would be severely jeopardised. In fact, unless you’re a true one-man-band, you probably couldn’t run your business at all without your employees. Therefore, it stands to reason that protecting one of your most (if not THE most) valuable assets should be at the top of …
NHS Public Satisfaction Levels Hit 11-Year Low
A long-running survey shows that NHS public satisfaction levels are at their lowest for over a decade. According to the British Social Attitudes poll of 2,296 individuals, just over half (53%) of people in England, Scotland and Wales were satisfied with NHS services last year. This represents a three percentage point drop since 2017 and is the lowest satisfaction level …
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