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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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Brits Will Work Beyond Retirement To Protect Their Health

In Healthcare, Industry News, Protection by Tom McGuinness

We recently wrote about how nearly three-quarters of UK employees plan to work beyond 65. It’s a sobering reality that highlights how an estimated 23 million individuals are planning to work beyond their 65th birthday because they feel the need to. Now, a new global survey by Aegon not only supports the findings of the study referenced in our previous …

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New Report Reveals The Costly Financial Impact Of Cancer

In Family, Healthcare, Individual, Industry News by Claire Ginnelly

As if the reality of receiving a cancer diagnosis wasn’t bad enough, new research suggests hundreds of thousands of UK cancer patients are also suffering financially. According to a new report from Macmillan Cancer Support, entitled ‘Cancer – a costly diagnosis’, four million people will be living with cancer by 2030. Furthermore, four out of five cancer sufferers are £570 …

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Exercising More In Later Life Provides Plenty Of Benefits

In Healthcare, Individual, Industry News by Tom Pullinger

A new study reveals it’s seemingly never too late to lower your risk of death through exercise, even if you’ve not been particularly active and/or have existing health conditions. According to the research by the MRC Epidemiology Unit at the University of Cambridge, the results of which are published in The BMJ, by simply meeting and maintaining at least the …

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A Quarter Of Young People Worry About Supporting Their Parents

In Healthcare, Industry News, Protection by Paul Connolly

Despite a significant proportion (62%) of millennials needing to rely on their parents to help them get on the property ladder, a quarter worry about supporting their ageing parents financially in the future, research has found. Bank of mum and dad becoming more generous According to Legal & General’s Bank Of Mum and Dad (BoMaD) research for 2019, family and …

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Why Good Oral Hygiene Is Important & Why Many UK Adults Are Not Doing Enough

In Employee Benefits, Healthcare, Industry News by Raina Dhillon

Most people know that poor oral health can lead to cavities, toothache and halitosis (bad breath). But did you know that poor dental care can also result in a number of much more serious health problems? For example, gum disease is linked to a number of other health problems in different parts of the body, including: Cardiovascular disease – bacteria …

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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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The Role Of Group Risk & Employee Benefits In Funding Retirement Years

In Employee Benefits, Industry News, Protection by Stephen Ellis

The UK’s younger generations are three times more likely than older generations to use property investments to fund their retirement, new research suggests. According to the study by Canada Life, one in 10 (9%) individuals aged 16-54 years old expect to live off the wealth stored in their homes after they retire. That’s triple the number of people aged 55 …

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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 …