All Group risk articles – Page 10
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ArticleLouise’s lowdown: Employee benefits are a key component in supporting fuller working lives
In February 2017, the government published its Fuller working lives: a partnership approach report, outlining its strategy to encourage individuals over the age of 50 to remain in work. This includes partnering with employers to better support people to stay in work for longer or to re-enter the workforce, whether ...
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ArticleWinners of the Corporate Adviser Awards 2017 announced
Photo: Simply PhotographyEmployee Benefits’ sister title, Corporate Adviser, announced the winners of its annual awards on Tuesday 28 February 2017 at Grange St Paul’s Hotel, London, hosted by Scottish comedian Alun Cochrane.Capita Employee Benefits was named Corporate Adviser firm of the year at the ceremony, and also won the best ...
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ArticleHow will the changes announced in the Autumn Statement affect group risk cover?
The Autumn Statement 2016 announced the outcome of the government’s consultation on restricting the fiscal advantages of salary sacrifice arrangements to benefits so that they are more equitable and reflect provision that the government specifically wants to encourage. As largely anticipated, the tax and employer national insurance (NI) advantages of ...
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ArticleHow can employers support the health and wellbeing needs of employees on a lower income?
Need to know:An organisation’s culture can promote healthy lifestyles that do not have to cost staff a lot to maintain.Signposting healthy options and recipe cards in a staff canteen can help employees improve their diet, counteracting productivity slumps due to a lack of nutrients.Health cash plans and virtual GP services ...
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Article48% rank private medical insurance in their top three most valued benefits
Just under half (48%) of employee respondents rank private medical insurance in their top three most valued benefits, according to research by Ellipse.Its survey of 1,005 employees and 504 decision makers in UK-based small and medium enterprises (SME), also found that 37% of employee respondents place life insurance in their ...
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Article68% of employers in south west England offer salary sacrifice pension arrangements
More than two-thirds (68%) of employer respondents in the south west of England enable staff to contribute to their workplace pension via a salary sacrifice arrangement, according to research by Benefiz.Its survey of 50 employers based in the south west of England that employ HR managers or directors, also found ...
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Supplier article
Employers are overestimating the cost of group life insurance
Small businesses aren’t buying group life insurance. Despite it being the cheapest and simplest workplace benefit to understand, SME employers are veering away from the product because they are overestimating what it costs.In research we conducted in November 2016, we asked employers to estimate the annual cost of providing £100,000 ...
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Supplier article
Why group income protection is now an employer and employee benefit
Traditionally, group income protection (also known as long-term sick pay insurance) to cover an employee’s salary when they’ve been off work with a long-term condition, was seen as being solely an employee benefit. Now, the product provides just as much value to the employer as it does the employee.Most policies ...
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Supplier article
Why every Group Income Protection scheme should be reviewed this April
The government is making changes to state disability benefits this April, which will have a significant impact on large numbers of group income protection policies, also known as long-term sick pay.On 6 April 2017, the work related activity component (WRAC) of the employment and support allowance (ESA) is being removed. ...
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Case StudiesThe benefits offered by Norton Rose Fulbright
The workplace benefits on offer at Norton Rose Fulbright include:PensionGroup personal pension for all employees, with a 1% employer and 1% employee contribution.The employer offers matching contributions up to a 5% employee contribution.The organisation auto-enrolled in 2013, and auto-re-enrolled in November 2016.Group riskGroup income protection, employer paid.Life assurance, employer paid.Healthcare ...
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Article44% of staff looking for a new job are unhappy with their benefits package
Almost half (44%) of respondents who are looking to move jobs in the new year are unhappy with their current benefits package, according to research by Canada Life Group Insurance.Its survey of 1,002 full and part-time employees also found that 74% of respondents who are unhappy with their current benefits ...
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ArticleGovernment limits tax-efficient salary sacrifice arrangements
Autumn Statement 2016: From April 2017, the government will significantly limit the range of benefits that attract tax and employer national insurance (NI) advantages when offered through a salary sacrifice arrangement.Pensions and pensions advice, childcare, bikes-for-work schemes, and ultra-low emission vehicles (ULEVs) will be exempt from the changes.Arrangements in place ...
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Article22% see an increase in the use of employee assistance programmes
More than a fifth (22%) of HR manager respondents report an increase in the use of employee assistance programmes (EAPs) by employees, according to research by Lancaster University's The Work Foundation and the UK Employee Assistance Professionals Association (UK EAPA).The evolution of employee assistance: investigating the use, impact and reach ...
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OpinionSally Wilson: Employers should take steps to ensure re-entry to work is sustainable after absences
Given the range of health reasons an employee may take time off for, and the variable fitness requirements for different professions, there is no one-size-fits-all role that an employer should take in workplace rehabilitation. But broadly the employer’s role is to take appropriate steps to support the individual back to ...
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Case StudiesOracle introduces rehabilitation helpline for managers
Supporting the health and wellbeing of its UK employees is important to technology organisation Oracle. To help achieve this, in November 2015, it introduced a vocational rehabilitation helpline, Swift, for managers in collaboration with Unum, alongside its existing portfolio of healthcare and wellbeing benefits.This acts like a triage service, says ...
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ArticleHow to maximise the value of rehabilitation support
Need to knowInsurers are keen to provide rehabilitation support as early as possible because this can reduce absence and improve the outcome for the employee.Robust absence procedures will ensure that cases suitable for rehabilitation are identified as early as possible.Communication is essential to enable early intervention and maximise the value ...
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Case StudiesThe benefits on offer at Goodman Masson
The workplace benefits on offer at Goodman Masson include:PensionStakeholder pension with a 1% employer and 1% employee contribution.Goodman Masson went through auto-enrolment in 2014.Group riskGroup income protection, employer-paid for some employees.Critical illness insurance, employer-paid for some employees.Healthcare and wellbeingPrivate medical insurance, voluntary basis, employee-paid.Eyecare vouchers, employer-paid for all employees.Personal accident ...
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Article17% have taken a long-term absence from work
Almost a fifth (17%) of employee respondents have been off work for four weeks or more because of an illness, accident or injury in the last 12 months, according to research by Legal and General.Its Workplace wellbeing report, which surveyed 2,000 full-time employees and 200 managing directors and HR managers, ...
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Supplier article
An employee benefit or an employee burden?
When you have taken the time to design an employee benefits package to help you attract and retain high quality individuals, the last thing you want is for one of your employee benefits to become an employee burden.Lump Sum Life Assurance is one of the most common employee benefits in ...
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Article31% of long-term sickness claims are for cancer
Just under a third (31%) of long-term sickness claims paid relate to cancer, according to research by Unum.Its second annual claims statement, which provides information on all the income protection claims paid by Unum to people who became too ill to work between 1 August 2015 and 31 July 2016, ...