Aviva research: Half of employers offer at least one group risk benefit

Around half of employers (51%) offer one or more group risk benefits to staff despite pressures to cut costs in the challenging economic environment..

Of the 200 employers that responded to Aviva’s annual Health of the Workplace survey, almost a third (31%) said they offered private medical insurance.

Around 29% offer life assurance and 14% said they provided group income protection benefits to staff. Meanwhile, less than one in five (18%) offered an employee assistance programme (EAP).

In addition, the research illustrated that employers recognised the importance of team building with 46% using regular social events to create a sense of team spirit. Just over a quarter (27%) operated a bonus scheme to motivate staff, while around 28% presented awards to the employee of the month.

Team building games were the least popular way to increase motivation and morale in the workplace, offered by just 18% of respondents.

Meanwhile, employers are more likely to prioritise staff productivity and business profits over ensuring employees have a good work-life balance.

Nearly a third (31%) wanted maximum profitability for head count and two in five (39%) demanded a highly- productive team that is flexible and can respond to change.

However, a quarter of respondents said their number one priority was achieving a friendly company with good work-life balance.

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