View Post

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 …

View Post

Let’s Keep Business Protection Front Of Mind

In Business, Industry News, Protection by Paul Howell

Business protection, or Key Person Insurance as it’s also known, is insurance that helps protect a business against the financial effects of a key person being diagnosed with a critical illness or dying. When you consider that for the majority of businesses, their most valuable asset is there people, by not taking out business protection, they are risking their entire …

View Post

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 …

View Post

Why Employee Benefits Programmes Fail

In Business, Employee Benefits, Protection by Raina Dhillon

Earlier this year, we wrote about some of the considerations employers need to recognise when managing an increasingly age-diverse workforce. Failure to do so – especially when it comes to employee benefits – can result in organisations missing out on opportunities to engage and motivate their workforce, as well as struggle to retain the best talent. But why do employee …

View Post

Employee Assistance Programmes: High Impact And Cost Effective

In Business, Employee Benefits, Health and Wellness by Stephen Ellis

Employee Assistance Programmes (EAPs) are designed to support employees with work and life challenges. The death of a loved one, the end of a long-term relationship and even workplace personality conflicts are all examples of issues covered by EAPs. Over the years, EAPs have been developing at a rapid rate. Indeed, according to the Institute for Employment Studies (IES), access …

View Post

Employer Considerations For An Increasingly Age-Diverse Workforce

In Business, Employee Benefits, Protection by Tom McGuinness

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 …

View Post

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 …

View Post

Millennials Most Likely To Be Absent Over Christmas (But Not Because Of Hangovers)

In Business, Employee Benefits, Industry News by Paul Connolly

While Christmas is usually associated with love, happiness and presents, research suggests it’s a time of year when a significant number of employees struggle to cope and take unplanned absence from work as a result. As the pressures of juggling family, health and care demands, as well as work commitments increases over the festive period, so too does the number …

View Post

Why Employers Need To Engage Their Gen X Employees

In Business, Employee Benefits, Industry News by Raina Dhillon

Much focus is being placed by companies on pleasing their millennial workforce, with employee benefits packages often being tailored to appeal to this cohort. But while this is obviously a good thing for this generation of employees, companies are running the risk of alienating another important part of their workforce: the Generation Xers. Gen X is the hardest working demographic …

View Post

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 …

View Post

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 …

View Post

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 …