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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 …

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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 …