All Group risk articles – Page 11
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Article
11: MetLife industry insight - Building resilience to beat stress in the workplace
Box:Around 35% of workplace absence is caused by stressPressure and stress is inevitable in the workplaceBut employees can be helped to beat stress and prevent it becoming a problemOrganisational resilience and wellness strategies will cut stress and boost productivityThe World Health Organisation has identified stress as the “health epidemic of ...
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Article61% do not have any form of income protection
Almost two-thirds (61%) of respondents do not have any form of income protection to replace lost income if they develop a serious injury or illness, according to research by Canada Life Group Insurance.Its survey of 1,004 UK employees, also found that 44% of respondents who do not have income protection ...
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Supplier article
Event limits and employee benefits
The world can be a rather scary place.Major disasters happen across the globe on a regular basis, and the 24/7 news culture ensures that each such incident is magnified by replaying the footage time and time again. Statistically however the risk to the average UK employee remains (thankfully) rather small. ...
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Article32% use group risk benefits to attract and retain staff
Just under a third (32%) of employer respondents use group risk benefits to attract and retain key members of staff, according to research by industry body Group Risk Development (Grid).Its Group risk annual employer research report, which surveyed 501 UK organisations with between five and 1,000 employees, also found that ...
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Case StudiesOracle uses group risk data to inform wellbeing strategy
At technology firm Oracle, the use of data is key to enhancing group risk provision for the organisation and boosting the benefits and workplace wellbeing strategy for its UK employees.Michelle Bradshaw, compensation and benefits director UK, Ireland and Israel, says: “The data that can be drawn from things [such as] ...
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AnalysisHow can data from group risk products help form a strategy?
Need to know:Data can be used for internal and external benchmarking, which can identify strengths and weaknesses in a group risk strategy.Line management training in workplace wellbeing is key to accurate sickness absence data reporting and analysis.A collaborative and integrated approach to data analysis, involving all group risk providers, will ...
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Article30% of group income protection claims due to mental health issues
Mental health issues accounted for 30% of group income protection claims in 2015, according to Legal and General.The insurance provider's claims information, which has been released to mark Mental Health Awareness Week (16-22 May), also found that early intervention and funding for appropriate treatment helped 80% of mental health absence ...
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Analysis
8-11: Benefits on offer
Salary sacrifice arrangementsMore than three-quarters (78%) of respondents offer benefits to all staff via a salary sacrifice arrangement, according to the Employee Benefits/Xerox HR Services Benefits research 2016, which surveyed a total of 338 respondents in May 2016. This is six percentage points lower than the 84% of respondents that ...
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Article42% view flexible working as key to supporting older workforce
More than four in ten (42%) respondents view flexible working as the most important benefit for supporting an older workforce, according to research by Canada Life Group Insurance.Its survey of 855 UK employees also found that 32% of respondents view critical illness cover as the most important benefit when working ...
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ArticleUK group risk industry paid out £1.4bn in 2015
The UK group risk industry paid out a total of £1.4bn-worth of claims in 2015, according to research by industry body Group Risk Development (Grid).Its research, based on an analysis of total payments made by the UK group risk sector, also found that a total of 24,603 claims were made ...
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ArticleTop five benefits to combat employee absence
Need to know:Mental health issues and musculoskeletal disorders are common causes of employee absence.Occupational health services, group risk products, and employee assistance programmes (EAPs) can support ill or absent employees.An effective absence management strategy should incorporate a range of benefits to address different absence issues.The average level of absence per ...
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ArticleIn numbers: Benefits for a multi-generational workforce
A round-up of statistics on benefits for a multi-generational workforce. 30% of employer respondents offer age-related wellness programmes (Source: Mercer, October 2015) bit.ly/1lyF7ud69% of employers believe regular age discrimination checks and reviewing their pay and benefits from an age perspective are effective or very effective (Source: Mercer, October 2015) bit.ly/1lyF7ud45% ...
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Article40% rank health insurance in their top three employee benefits
Four in ten (40%) respondents rank health insurance among their top three most-valued employee benefits, compared to 37% in 2015, according to research by Willis PMI Group, part of Willis Towers Watson.Its survey of 1,197 UK employees also found that 32% place health screenings among their top three benefits, which ...
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Article
39, Punter Southall Industry insight: Why wellness in the workplace is changing the face of employee benefits
· Wellness in the workplace has undergone significant growth in the past three years (up by 274%). It is estimated that by the end of this decade, we could see wellness strategies within over 75% of organisations.· Nearly 40% of employers which offer wellness strategies do so to increase ...
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Supplier article
Johnson Fleming and Ellipse offer online group life and disability proposition
Johnson Fleming and Ellipse have launched a new digital collaboration to drive growth in the SME segment.After a joint systems development project, quotes for group life, group critical illness and Sick Pay Complete (Ellipse’s group income protection product) will be generated automatically based on the auto-enrolment data held by Johnson ...
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Article11.5m people covered by group risk schemes in 2015
More than 11.5m people were members of group risk schemes at the end of 2015, according to research by Swiss Re.Its Group watch 2016 report, which is based on data from all insurers operating in the group risk market, also found that the number of people covered under group risk ...
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ArticleJust 24% are aware statutory sick pay is less than £100 a week
Less than a quarter (24%) of employee respondents are aware that statutory sick pay (SSP) currently stands at less than £100 a week, according to research by Legal and General.Its Working lives research, which surveyed 2,000 full-time employees and 200 employers, also found that 15% of employee respondents think that ...
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AnalysisWhere does responsibility lie for choosing the level of cover in death-in-service benefits?
Need to know:Death-in-service benefits should be offered to all employees with a minimum level of cover.Offering life assurance on a flexible basis places responsibility for selecting the level of cover on the employee.Employers need to educate employees about life assurance to boost understanding.Death-in-service benefits, in particular life assurance, are a ...
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ArticleWinners of the Corporate Adviser Awards 2016 announced
Employee Benefits’ sister publication, Corporate Adviser, announced the winners of its annual awards last night (11 February) at the Lancaster London, hosted by comedian Danny Wallace (pictured).Aon was named firm of the year at the ceremony, as well as being awarded for Best use of technology by a corporate adviser.The ...
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ArticleMercer acquires the Positive Ageing Company
Talent, health and retirement consultant Mercer has acquired the Positive Ageing Company, an independent adviser specialising in issues surrounding the ageing workforce.Through the acquisition of the Positive Ageing Company, which focuses on the financial, care and health impact of ageing for employers and staff, Mercer aims to expand its capabilities ...