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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 …

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A Short Guide To Company Health Insurance

In Business, Healthcare, Insurance by Paul Connolly

Unfortunately, employees get sick and experience injuries from time to time. For employers, it’s an inevitable part of running a business. But if staff illness and injury are not handled correctly, they can be very costly. On average, health-related absenteeism and presenteeism cause employers to lose 35.6 working days annually per employee. This absence equates to a staggering £61 billion …

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Why SMEs Should Be Offering Private Medical Cover To Their Employees

In Business, Employee Benefits, Healthcare by Tom McGuinness

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 …

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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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More Employees Than Ever Seeking Mental Health Support

In Business, Industry News, Mental Health by Stephen Ellis

More employees than ever are seeking help for mental health conditions, figures from Unum show. According to the insurer’s data, two-fifths of people using its rehabilitation services are doing so to address mental health issues, such as stress and anxiety. In fact, of the individuals seeking help under Unum’s return to work scheme, the majority were doing so because of …