News – Page 5
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Article36% have access to an employer-organised sick pay insurance scheme
More than a third (36%) of respondents have access to an employer-organised sick pay insurance scheme, according to research by BHSF.Its A high wire with no safety net report, which surveyed 1,000 employees, also found that 33% of respondents believe that financial worries affect their job performance, either on a ...
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Article18% of staff have critical illness or income protection cover
Less than one-fifth (18%) of employee respondents have some form of critical illness or income protection cover that would help them financially if they were to develop a serious illness, according to research by Canada Life Group Insurance.Its survey of 1,010 UK full-time and part-time employees also found that 72% ...
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ArticleEXCLUSIVE: 91% offer life assurance benefits
EXCLUSIVE: Approximately nine in 10 (91%) employer respondents provide life assurance or death in service, according to research by Employee Benefits and Staffcare.The Employee Benefits/Staffcare Benefits research 2017, which surveyed 271 employer respondents in February-March 2017, also found that the majority of respondents that offer life assurance or death in ...
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Article£1.5bn paid in group risk claims in 2016
Nearly £1.5 billion was paid out by the group risk industry over 2016, up £100 million on 2015, according to research by industry body Group Risk Development (Grid).The research, which is based on claims data from Grid’s provider members, also found that 24,925 claims were made in 2016 for group ...
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Article12m people covered by group risk schemes in 2016
More than 12 million individuals were covered by group risk schemes at the end of 2016, according to research by Swiss Re.Its Group watch 2017 report, which is based on data collected from 16 providers in the group risk market in the UK and 18 employee benefits consultancies, also found ...
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ArticleStarbucks China to introduce critical illness insurance for employees’ parents
International coffee organisation Starbucks is to launch a new parent care programme in China, providing employer-paid critical illness insurance for the parents of its full-time employees.The benefit, effective from 1 June 2017, will be available to parents of full-time employees who have at least two years’ service and who work ...
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Article14% believe every employer provides death-in-service benefits
More than one in 10 (14%) respondents believe that every employer provides death-in-service benefits, according to research by Aviva.Its Protecting our families report, which surveyed 2,500 UK adults, also found that 18% of respondents do not know what support they would get from their employer if the main income earner ...
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Article12% rank health cash plans as their most valued benefit
Just over one in 10 (12%) respondents rank health cash plans as their most valued employee benefit, according to research by Willis Towers Watson.Its 2017 Willis Towers Watson employee benefits and wellbeing index, which surveyed 1,123 UK full and part-time employees aged between 18 and 64 years old, also found ...
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ArticleEXCLUSIVE: 88% of benefits professionals receive life assurance or death-in-service benefits
EXCLUSIVE: Almost nine in 10 (88%) HR and benefits professional respondents receive life assurance or death-in-service benefits, according to research by Employee Benefits.The Salary survey 2017, which surveyed 249 HR, reward and benefits professionals in December 2016, also found that 75% of respondents' organisations offer private medical insurance (PMI).These benefits ...
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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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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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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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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, ...