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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 …

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Invest In Staff & They’ll Invest In You

In Business, Employee Benefits, In The Press by Claire Ginnelly

SOME PEOPLE BELIEVE STAFF benefits such as private medical insurance or group income protection are only bought by larger SMEs and corporates. Every company, from micro-SME to large corporate, should look at benefits available to provide to employees. Employee productivity is key for all businesses but the smaller the company the more important productivity becomes – and looking after employees’ …

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5 Reasons Why You Should Offer Private Medical Insurance To Your Employees

In Business, Employee Benefits, Healthcare, Industry News by Tom McGuinness

Your staff are the lifeblood of your business. Without them, the success of your organisation would be severely jeopardised. In fact, unless you’re a true one-man-band, you probably couldn’t run your business at all without your employees. Therefore, it stands to reason that protecting one of your most (if not THE most) valuable assets should be at the top of …

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Majority Of Self-Employed Individuals Are Under-Protected

In Business, Industry News, Protection by Paul Connolly

We recently informed you about how most independent financial advisers (IFAs) believe that younger consumers are not securing protection until it’s too late. The aforementioned article outlines that there is a huge opportunity to grow the protection market among young consumers, however, many believe Income Protection is too expensive – despite the fact it can often be taken advantage of …

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Two Employee Benefits That Won’t Break The Bank

In Business, Employee Benefits by Tom Pullinger

Some organisations are deterred from offering employee benefits because the implementation costs seem high and it is difficult for them to see how they will get a return on their investment. However, the reality is that offering employee benefits affords a number of advantages for both employers and employees alike, many of which are enough to offset the associated costs. …

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One In Five UK Businesses Lack The Expertise To Manage Sickness Absence – Zurich

In Business, Employee Benefits, Industry News by Stephen Ellis

More than one in five (22%) UK businesses lack the expertise needed to manage workplace sickness absence. That is one of the key revelations from a new study conducted by YouGov on behalf of insurer Zurich. Losing Staff, Productivity Declining The study, which polled financial decision makers in British companies, examined the biggest risks facing them today. The findings of …

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Better Employee Benefits? Vast Majority Of UK Workers Affected By Money Worries

In Business, Employee Benefits, Industry News by Paul Howell

The vast majority of UK workers are troubled by money. That’s one of the key takeaways from new research that surveyed more than 5,000 employees and over 1,000 employers. According to the inaugural Close Brothers’ Financial Wellbeing Index, 94% of UK employees are suffering from money worries and over three-quarters (77%) say that money worries impact them at work. Two …

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Pregnant Women To Get Better Workplace Protection Under New Government Plans

In Business, Employee Benefits, Industry News, Protection by Tom McGuinness

The UK government has set out new proposals designed to protect pregnant women and new parents returning to work following the birth of a child against unfairly losing their jobs. The new proposals have been created to combat workplace discrimination and provide better protection to women who return to work after maternity leave. Legal Protection For 6 Months According to …

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What Does The Average Brit’s Ideal Job Look Like?

In Business, Employee Benefits, Industry News by Paul Connolly

If you could pick and choose workplace benefits, job perks, even your salary, what would your ideal job look like? That’s one of the key questions a new survey conducted by CV-Library set out to answer. As we informed you earlier this month, wellbeing products are becoming more popular among employees, with UK workers spending around £174 per month, on …

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Protecting & Promoting Staff Mental Health

In Business, Employee Benefits, Industry News by Stephen Ellis

According to new research from a leading group risk industry body, less than a fifth of employers proactively manage stress and mental health issues in the workplace. The survey undertaken by Opinium on behalf of Group Risk Development (GRiD), the industry body for the group risk protection sector, found that just 18% of employers are proactively managing stress and mental …

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Employee Benefits Watch: Wellbeing Products Becoming More Popular

In Business, Employee Benefits, Industry News by Raina Dhillon

Employees – particularly those in London – spend significant sums of money on wellbeing products every month, according to new research. In 2018, UK workers spent, on average, £174 per month on wellbeing products, a survey from Canada Life found. In London, nearly double this amount (£347) was spent, on average. Wellbeing and wellness products include things like insurance cover, …