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Number Of Workers Receiving Employee Benefits At 12-Year Low: Where, Why & What Next?

In Business, Employee Benefits, Industry News by Raina Dhillon

The number of employees in the UK receiving company benefits is at a 12-year low, an analysis from an accountancy group shows. According to the analysis of HMRC data by UHY Hacker Young, in just 12 months, the number of individuals receiving things like company cars, private medical insurance and staff accommodation fell by more than 600,000 – from 3.92 …

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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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Employees At Larger Organisations More Likely To Have Long-Term Sickness Absence

In Business, Industry News, Protection by Stephen Ellis

Employees who work at larger organisations are significantly more likely to have a long-term sickness absence (an absence of four weeks or more) than those who work at smaller businesses, figures reveal. Furthermore, as people get older, their likelihood of having at least one bout of long-term sickness absence increases. According to government data, workers employed at larger organisations are …

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Employee Wellbeing Now A Mainstream Employer Strategy

In Business, Employee Benefits, Industry News by Paul Connolly

In just three years, employee wellbeing has gone from being a niche benefit to a mainstream strategic concern for businesses. That’s one of the key findings to come out of a new report by a professional association specialising in employee rewards and benefits. According to the Reward & Employee Benefits Association’s (REBA) latest annual research into employee wellbeing, 68.4% of …

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Employee Burnout Is Real: Here’s How To Combat It

In Business, Employee Benefits, Industry News by Tom McGuinness

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 …

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More Than A Fifth Of Employees Would Switch Jobs For Better Benefits

In Business, Employee Benefits, Industry News by Raina Dhillon

Not sure how much your employees value benefits? New research shows that a significant proportion would actually change jobs if it meant they got a superior benefits package. According to the research by employee-paid benefits provider Benni, more than a fifth (22%) of workers would actually switch jobs to get a better benefits package. Benni’s War for Talent report, for …

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Mental Health Issues Still A Taboo Subject (And It’s Costing UK Businesses A Fortune)

In Business, Employee Benefits, Mental Health by Tom McGuinness

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 …

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Private Healthcare As A Benefit Promoted By Three In 10 Job Descriptions Targeting Millennials

In Business, Employee Benefits, Industry News by Tom Pullinger

A significant proportion of job descriptions aimed at younger individuals advertise private healthcare as a perk, new research has found. The research, which was conducted by employee experience organisation Perkbox and talent matching platform TalentPool, found almost three in 10 (28%) job descriptions aimed at Millennials and people belonging to Generation Z, promote private healthcare as an employee benefit. It’s …

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Mental Health In The Workplace: Research Shows Managers Need Support

In Business, Industry News, Mental Health by Paul Connolly

New research shows an apparent disconnect when it comes to how managers rate their own ability to promote wellbeing in the workplace and how staff view their manager’s performance. It’s a reality that shows even though mental health at work is starting to get the attention it deserves, there’s still a way to go to ensure it becomes a key …

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Understaffing One Of The Biggest Causes Of Workplace Stress

In Business, Individual, Industry News, Protection by Raina Dhillon

Understaffing is one of the major causes of workplace stress, a new study by a leading UK insurer has found. According to the poll of more than 1,000 workers by MetLife UK, over half (52%) of employees said that understaffing heightened their stress levels at work, while a similar proportion said underperforming team members added to the pressure and created …

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Employee Benefits: Helping SMEs Level The Playing Field In The Competition For Talent

In Business, Employee Benefits, Industry News by Raina Dhillon

When it comes to recruitment and attracting/retaining the best talent, SMEs often struggle to compete with larger organisations. That’s because the latter are usually in a position to offer larger salaries, impressive business premises and more attractive career prospects. However, there is one area where SMEs can effectively compete and that’s employee benefits. Employees love benefits We’ve previously written about …

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Death In Service Vs. Personal Life Cover: Which One Is Right For You?

In Business, Employee Benefits, Insurance by Paul Howell

We often get asked by clients what the difference is between death in service (also known as group life cover) and personal life insurance. As such, here’s what you need to know about the difference between the two: What is death in service? Death in service is an employee benefit sometimes provided by employers that is designed to pay a …