All Group risk articles – Page 12
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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 ...
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ArticleBuyer's guide to group critical illness insurance 2016
The factsWhat is group critical illness insurance?Group critical illness insurance pays a tax-free lump sum to an employee who is diagnosed with a serious condition, such as heart attack, cancer or stroke, or is undergoing a specified surgical procedure, such as major organ transplant or open-heart surgery.The benefit is paid ...
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ArticleWalmart US staff to receive pay increase
Around 1.2 million employees at Walmart US and at its warehouse chain, Sam’s Club, are to receive a pay increase.The pay increase will come into effect on 20 February, bringing the average wage for full-time staff to $13.38 an hour and the average part-time hourly wage to $10.58.All staff employed ...
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AnalysisBuyer’s guide to group income protection
The factsWhat is group income protection?Group income protection (GIP) provides an income to an employee when they are unable to work as a result of an illness of injury. Payment usually starts after a set waiting period, normally six months, and can continue until the employee returns to work or, ...
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AnalysisWhy employers should communicate the value of group risk benefits to staff
Need to know: Communicating group risk benefits can drive appreciation and engagement with the benefit It can raise awareness of how staff can use the benefits for key life events Employers can use communication materials offered by their group risk insurance providersWith the state welfare purse strings drawing ever tighter, ...
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AnalysisGroup risk trends at a glance
Key points: As big data rises up the agenda, a uniform approach towards data gathering and sharing will enable employers and industry to make the most effective use of the insights it can offer. Services that support the changing needs of employees throughout their working lives could help to address ...
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ArticleTom Gaynor: How can employers address mental wellness in the workplace?
Tom Gaynor, employee benefits director at MetLife UK, discusses the ways in which employers can address mental wellbeing in the workplace and how they can support the diverse health requirements of today’s workforce demographic.In this five-minute video, Employee Benefits asks Gaynor: How can employers address mental wellness in the workplace?How ...
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ArticleJohn Attley: NHBC uses range of initiatives to support employee wellbeing
John Attley, engagement manager at the National House Building Council (NHBC), provides insight into the organisation’s approach to group risk benefits, and the way in which it supports the mental and physical wellbeing of its staff.In this five-minute video, Employee Benefits asks Attley: How does group risk fit into NHBC’s ...
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AnalysisHow can group risk benefits support staff wellbeing?
If you read nothing else, read this…Initiatives that demonstrate employers are putting mental wellbeing on the agenda can encourage more open dialogue about mental health in the workplace.Employers can incorporate a preventative approach within health and wellbeing strategies by utilising the aditional services offered through group risk provision.Early notification can ...
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AnalysisHow can providers and advisers help employers to develop a group risk strategy?
If you read nothing else read this…Discussing benefits outside of the renewal cycle allows time for more in-depth strategic considerations.Group risk providers offer a range of additional services alongside core products that can help employers support their staff.Employers can draw on the combined expertise of advisers and providers to develop ...
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45, Unum insight: The benefits of early intervention
Sickness absence is an unavoidable part of running a business. Having an effective wellbeing strategy in place can help staff to stay healthier and for the employer to manage absence better, but there is no way to eliminate it completely, especially when it comes to serious illness or injury. But, ...
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ArticleThe importance of timing
‘Timing is everything’ is a well-worn cliché. Nevertheless, sometimes the importance of timing should not be underestimated. For example, where an employee is struggling to cope with a physical or mental health condition, an employer promptly approaching its group risk benefits provider can ensure that appropriate support is available as ...
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AnalysisCommunicating the value of group risk benefits
If you read nothing else, read this…To feel the full value of group risk benefits, employers should be aware of the advantages such benefits provide and the range of additional services that are available.An effective communications strategy will utilise a range of channels that reflect how employees want their benefits ...
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Article23 per cent could not cope financially if unable to work
Almost a quarter (23%) of respondents would not be able to cope financially for more than a couple of months if they were unable to work, according to research by Scottish Widows.The research, based on responses from 5,144 working adults, also found that 8% of respondents would only be able ...
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ArticleAPCOA Parking traffic wardens to receive sick pay
APCOA Parking traffic wardens have been awarded a sick pay policy and the London living wage to avert strike action.The Hackney-based traffic warden firm did not previously offer a workplace sick pay policy, with members only entitled to statutory sick pay.The deal, which follows talks at the conciliation service Acas, ...
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Article23 per cent feel effects of lost productivity
Almost a quarter (23%) of respondents believe workplace productivity is an issue for their organisation, according to research by industry body Group Risk Development (Grid).Its Group risk employer research study, which surveyed 501 employers, also found that almost a third (29%) of respondents offer their staff flexible working options in ...
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Group risk
The latest analysis, news, case studies and opinion in relation to group risk benefits, such as group income protection; group life assurance; and group critical illness insurance.