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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 …

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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 …

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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 …

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5 Ways Employers Can Help Their Employees’ Financial Wellbeing

In Employee Benefits, Group Income Protection, Insurance by Stephen Ellis

Employees typically have to deal with day to day distractions and levels of stress that they can cope with. But sometimes individuals are also dealing with other problems, one of the most common of which is financial worries. One group in particular that is feeling its fair share of finance-related stress and anxiety is millennials. These individuals entered the workforce …

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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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How To Setup Your Mental Health First Aid Training For Success

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

British businesses are training record numbers of workplace “mental health first aiders” in an attempt to address the sharp rise in employees experiencing mental distress, figures show. But while it’s definitely a step in the right direction, organisations shouldn’t see such initiatives as silver bullets in the ongoing fight to reduce mental health issues in the workplace. [Related reading: A …

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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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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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7 Reasons Why Your Business Should Offer Private Medical Insurance

In Employee Benefits, Healthcare, Insurance by Raina Dhillon

With more people than ever waiting for routine operations on the NHS, and many trusts finding it impossible to treat 92% of patients within 18 weeks, the role of private medical insurance (PMI) has never been more relevant. As a business owner, you may already offer your employees private medical insurance, but if you’re an employer or business owner who …

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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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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 …