News – Page 7
-
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% ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
Article
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, ...
-
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 ...
-
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 ...
-
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, ...
-
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 ...
-
Article
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.
-
Article50% underestimate likelihood of occupational disability
Half (50%) of respondents think they have a less than one in ten chance of being unable to work through disability, according to research by insurance firm Zurich.Its survey of 1,000 working-age adults also found that nearly two-thirds (60%) think the risk of becoming disabled or too ill to work ...
-
ArticleFormer BT employee is entitled to sick pay
The Employment Appeal Tribunal (EAT) has upheld a case ruling concerning a BT Managed Services Limited (BTMS) employee who has been receiving income protection payments (GIPs) that ceased to be insured, and who is unlikely to ever return to work.In the case of BT Managed Services Ltd v Edwards & ...
-
ArticleCancer accounts for 29% of long-term sickness claims
Cancer and mental health issues accounted for 47% of income protection claims paid over the last year, according to research by Unum. Its Annual claims statement, based on income protection claims paid to 1,700 employees between August 2014 and July 2015, also revealed that around a quarter (24%) of claims ...