All Group risk articles – Page 2
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AnalysisHow employers can support staff through critical illness
Credit: Chumakov Oleg / Shutterstock Need to know: While the focus of group risk benefits was previously on the claim aspect and the monetary payout, now it is more about the crucial support and wellbeing benefits included in many policies. Communication of group risk benefits through ...
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Article40% offer physical health support to help staff stay in or return to work
Just two-fifths (40%) of employers offer staff support around their physical health to help them stay in or return to work, if they are injured or have a new illness or disability, according to research by industry body Group Risk Development (Grid). Its survey of 500 HR ...
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Case StudiesAllianz UK adjusts support for staff with chronic health conditions
A surge in chronic conditions since lockdown has seen insurer Allianz UK implement a range of more sophisticated processes and systems.A more detailed workplace adjustment process, rolled out across its 27 nationwide branches in April 2023, triaged nearly 300 people requiring adjustments last year to appropriate forms of support. Around ...
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AnalysisHas hybrid working affected the way chronic conditions are treated?
Credit: Fida Olga/Shutterstock Need to know: The pandemic has greatly increased employers’ focus on chronic conditions. Listening to chronic condition sufferers is key. Group income protection has an important role to play. It is unclear whether chronic health conditions as a whole increased directly due ...
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Article40% of UK staff would choose a job with lower salary but generous benefits
Two in five (40%) UK employees admitted they would choose a job with a lower salary but generous employee benefits, according to research from MetLife UK.When looking at financial benefits of a potential new job, the protection and employee benefits provider found that 37% of respondents said financial bonuses are ...
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AnalysisWhat will the proposed fit note reforms mean for employers?
The government reforms will trial fit note process changes in order to improve triage and signposting. Making it easier to get a fit note will enable employers to help staff get assistance in a shorter amount of time, and potentially return to work faster. The reforms ...
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Article30% offer support for serious illnesses
Just one-third (30%) of employers offer support for serious illnesses such as cancer to help their employees stay in or return to work, according to research by industry body Group Risk Development (Grid).Its survey of 500 HR decision-makers at UK businesses and 1,210 workers, which has been published to coincide ...
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Article19% regret not taking out a financial protection policy while caring for ill child
One in five (19%) UK parents admitted regretting not taking out a protection policy for financial support if they needed to take time off work to care for an ill child or children, according to new research from MetLife UK.The provider of protection, employee benefits and retirement solutions found that ...
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ArticleBuyer's guide to critical illness insurance
Nothing in life is certain, and being diagnosed with a critical illness such as a heart attack or cancer is a reality that many individuals have to face. Having access to critical illness insurance cover provided by their employer helps to alleviate some of the financial worry ...
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Article30% cite affordability as a challenge to support staff health and wellbeing
Affordability was cited as the biggest challenge in supporting the health and wellbeing of staff by 30% of employers, according to new research from Group Risk Development (Grid).The industry body for the group risk sector’s research was carried out among 503 UK HR decision-makers. It found that 45% of employers ...
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ArticleVirtual GP services are most used benefit offered to ill and injured employees
Employee Benefits poll: The most used benefit or support organisations offer to ill and injured employees is access to a virtual GP service (42%), according to a survey of Employee Benefits readers.Just above one-third (37%) said they provide an occupational sick pay scheme to support ill and injured employees, while ...
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AnalysisHow can employers build the case for aligning financial and mental wellbeing strategies?
Need to know:Financial worries affect the bottom line, with a poll by the Chartered Management Institute (CMI) finding the majority of employers believe the cost-of-living crisis has caused stress and anxiety that have affected productivity levels.Many organisations already offer benefits that can support employees’ financial wellbeing, whether as a core ...
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Article12% of employers do not offer support for ill and injured staff
Just one in 10 (12%) employers do not have support mechanisms in place for newly injured or ill employees because they either cannot afford it or they do not feel it is their responsibility, according to research by industry body Group Risk Development (Grid).Its study of 503 HR decision-makers working ...
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ArticleTwo-thirds do not receive group risk insurances as paid-for benefits
More than two-thirds of UK employees do not receive critical illness, income protection or dental insurance as a paid-for benefit, according to new research from Barnett Waddingham.The employment consultancy’s survey of 3,006 UK employees found that almost three-quarters (72%) are not given the option of critical illness insurance, while just ...
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ArticleUK group risk industry paid £2.21 billion in claims in 2022
The UK group risk industry paid out £2.21 billion in claims in 2022, equivalent to £6.05 million per day, according to data published by Group Risk Development (Grid). There were 261,631 interactions during 2022, with additional help and support services from group risk insurers, with 27% receiving access to counselling, ...
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AnalysisHow to position group risk benefits to support long-term health issues
Communicating the value of group risk products and the areas in which they protect staff is key.Group risk schemes often offer added services that can further support staff.Early intervention can increase return-to-work rates following a long-term health issue, so it is key to communicate who staff can contact and when.Group ...
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Case StudiesGi Group promotes group risk benefits that support long-term health issues
Recruitment firm Gi Group offers group risk products to support its employees experiencing a range of health conditions that affect both their mental and physical health.The group, which employs more than 650 workers, offers life assurance at four times employees’ basic salary from day one of employment, critical illness insurance, ...
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ArticlePam Group launches enhanced reward package
Occupational health and wellbeing firm Pam Group has introduced a range of employee benefits and rewards for its 700 employees as part of its recruitment and retention strategy.The improved package includes an employer funded group income protection scheme, through which staff on sick leave will receive 60% of their annual ...
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AnalysisHow to create a return-to-work support plan for newly injured or ill staff
A return-to-work plan should be devised collaboratively between the employer and employee.The best plans will be flexible depending on the condition and circumstances involved, continually evolve, be kept under review and aim to achieve a sustainable return.Having holistic benefits, such as using the value-added services provided alongside group risk products, ...
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Case StudiesThames Water offers bespoke return-to-work plans for its workforce
Thames Water, which employs more than 7,500 members of staff, operates tailored, individual return-to-work plans for sick or injured employees.The water and wastewater services provider, which operates across London, the Thames Valley and surrounding areas, has an in-house occupational health team, which receives management referrals for employees who are unwell ...