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Managing Your Employees’ Mental Health During Lockdown

In Employee Benefits, Health and Wellness, Mental Health by Tom Pullinger

While many of your employees might not be working right now because they are furloughed, as an employer, it’s important for you to check in with them. The uncertainty and anxiety caused by the ongoing COVID-19 crisis is having an enormous impact on people’s mental health. That’s why employers need to be doing everything they can to safeguard their employees’ …

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Delivering SMEs With Cancer Support Through Employee Benefits

In Business, Employee Benefits, Healthcare by Tom Pullinger

A cancer diagnosis is always extremely difficult to come to terms with. The uncertainty it creates, coupled with the need to take time off from work and the potential financial implications only exacerbate the situation. But while an employee having time off to receive cancer treatment and begin the road to recovery can often be absorbed by large corporations, the …

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The High Cost Of Poor Mental Health In The Workplace

In Business, Industry News, Mental Health by Tom Pullinger

Poor mental health at work costs UK businesses up to £45 billion a year, new research has found, and it’s presenteeism, not absences, that is having the biggest impact. According to the report from Deloitte and mental health charity Mind, presenteeism – defined as employees turning up for work despite feeling unwell – costs UK employers between £26 billion and …

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The Delicate Issue Of Cancer Cover & Group PMI

In Employee Benefits, Group Income Protection, Healthcare by Tom Pullinger

Cancer survival rates are higher than ever, having doubled in the last 40 years, according to Cancer Research UK. In fact, the charity says 50% of people diagnosed with cancer in England and Wales survive their disease for 10 years or more (2010-11). One of the main reasons why cancer survival rates have improved so significantly is because of the …

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Sickness Absence Is Severely Impacting UK SMEs But Uptake Of Protection Remains Low

In Business, Group Income Protection, Protection by Tom Pullinger

UK SMES are being severely impacted by sickness absence, a new study has found, yet a huge number are still overlooking financial products that could benefit both them and their employees. According to the survey from benefits provider Unum, 44% of UK SMEs said they have had at least one employee absent for four weeks or more in the last …

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The Difference Between Group Protection & Individual Protection

In Business, Employee Benefits, Group Income Protection by Tom Pullinger

It’s a reality that the UK working population is, in general, under-insured. However, some groups are a lot more vulnerable than others when it comes to protection. Research highlights this… For example, according to Canada Life, while nearly half of women aged 25-45 are solely responsible for the financial decisions in their household, almost 57% of this age group do …

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Life Insurance Options For People Over 50

In Family, Insurance, Protection by Tom Pullinger

Many older people don’t think they need to worry about life insurance. In fact, according to research by Moneysupermarket, just over a third (36%) of over-55s don’t currently have a life insurance policy. But the reality is that funeral costs have risen dramatically over the past 15 years, with SunLife research revealing an increase of 112% during that period. As …

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SMEs Set To Expand Benefits To Attract & Retain Talent

In Business, Employee Benefits, Industry News by Tom Pullinger

It’s no secret that the UK is currently suffering from a definitive skills shortage. The skills gaps – which is the difference in skills required within a business and the actual skills the workforce has – is one of the reasons why the UK has the lowest productivity among the G7. According to an independent study by recruitment specialist Robert …

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UK Students Waiting Too Long For Mental Health Support

In Individual, Industry News, Mental Health by Tom Pullinger

Students in the UK with mental health problems are having to wait up to 12 weeks (three months) for help from their universities. It’s a reality that has prompted fears that some may take their own lives during the delay. Figures collected by British universities show that students at the Royal College of Music had the longest waits for counselling …

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A Significant Amount Of Absence & Presenteeism Could Be Addressed With Employer Interventions

In Business, Industry News, Mental Health by Tom Pullinger

Health-related absenteeism and presenteeism cause employers to lose an average of 35.6 working days a year per employee, which equates to a staggering £61 billion in lost productivity annually. Those are two of the key findings of Vitality’s Britain’s Healthiest Workplace study, which was published earlier this year. Back in 2014, the number of days lost annually per worker due …

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Ongoing Employee Benefits, Not Celebrations, Drive Employee Loyalty – GRiD

In Business, Employee Benefits, Industry News by Tom Pullinger

A significant proportion of businesses commit to providing ongoing employee benefits, such as private healthcare and group income protection, to motivate, reward and engage staff. According to research by Group Risk Development (GRiD), the industry body for the group risk protection sector, over a third (36%) of businesses provide ongoing employee benefits as a way of adding real value to …

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Exercising More In Later Life Provides Plenty Of Benefits

In Healthcare, Individual, Industry News by Tom Pullinger

A new study reveals it’s seemingly never too late to lower your risk of death through exercise, even if you’ve not been particularly active and/or have existing health conditions. According to the research by the MRC Epidemiology Unit at the University of Cambridge, the results of which are published in The BMJ, by simply meeting and maintaining at least the …