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How Employers Can Better Support Their Employees’ Financial Wellbeing

In Business, Employee Benefits, Health and Wellness by Paul Howell

More and more businesses are understanding the importance of employee financial wellbeing (and with good reason). After all, money problems affect employees and that in turn impacts employers, which is why financial wellness in the workplace has quickly become a significant priority on the management agenda. According to PwC’s 8th annual Employee Financial Wellness Survey, 59% of employee respondents cited …

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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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A Fifth Of Employees Carry On Working Despite Mental Illness

In Business, Employee Benefits, Mental Health by Stephen Ellis

New research shows that a significant number of employees have gone into work despite feeling ‘mentally unwell’ and that a generational divide exists when it comes to who is most likely to do this. According to research by Canada Life Group Insurance, one in five (19%) employees – equivalent to around 6.2 million people – went to work while feeling …

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Group Income Protection: Providing Benefits For Both Employers & Employees

In Business, Group Income Protection, Protection by Paul Connolly

Employee sickness absence is an inevitable part of running a business. After all, everyone feels under the weather from time to time and the best remedy is to simply have a day off. But what about more serious illnesses that require extended periods away from work? The impact they can have on both the employee and employer can be hugely …

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Measuring The Success Of Employee Benefits Packages

In Business, Employee Benefits, Protection by Tom McGuinness

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 …

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5 Steps For Creating A Workplace Wellbeing Strategy

In Business, Employee Benefits, Health and Wellness by Paul Connolly

According to the independent review into workplace mental health commissioned by the prime minister and led by Lord Dennis Stevenson and Paul Farmer, Thriving at Work, poor mental health costs UK businesses between £33 billion and £42 billion a year. These figures are made up of absenteeism cost (£8 billion), presenteeism cost (£17 billion to £26 billion) and staff turnover …

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Key Person Insurance: What Is It & Why Your Business Needs It?

In Business, Insurance, Protection by Rebecca Faulks

As a business owner, you wouldn’t operate without insurance to protect your premises and vehicles, and products like professional indemnity insurance and public liability insurance to cover your business activities. But what about you and the other key people who make your business work. Those that are pivotal to its continued success? Surely these people are just as important for …

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Mental Health At Work: Do You Know Your Responsibilities As An Employer?

In Business, Employee Benefits, Mental Health by Paul Connolly

Under the Equality Act 2010, employers have a legal responsibility to ensure that people with disabilities are not discriminated against in the workplace. Now a person is considered disabled under the act if they have a physical or mental impairment that has a “substantial” and “long-term” negative effect on their normal day-to-day activities. A mental health issue is classed as …

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Employers Being Short-Sighted When It Comes To Employee Eye Care

In Business, Employee Benefits, Healthcare by Stephen Ellis

Nine out of 10 British businesses are failing to meet their legal responsibilities to protect their employees’ sight, a new survey shows. According to the study commissioned by the charity Eye Health UK and Vision Express Opticians, 85% of office workers report suffering symptoms of screen fatigue, such as eyestrain and headaches, as well as problems with close and long-distance …

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A Quarter Of British Workers Scared To Tell Their Boss About Mental Health Issues

In Business, In The Press, Mental Health by Raina Dhillon

According to the NHS, one in four adults experiences at least one diagnosable mental health issue in any given year, with mental health problems being the largest single cause of disability in the UK today. What is most scary, however, is that mental health problems affect people of all ages. Indeed, research published in the Harvard Business Review ahead of …

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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 …