An increasing number of Brits are turning to private healthcare for their medical needs as NHS waiting times continue to increase. But for some without private medical insurance, the cost of going private means getting into debt.
For many small business owners, when it comes to protection, the focus is often on the company and not the founder. But such an approach risks leaving the small business owner vulnerable should they become seriously ill or injured. Without them at the helm, how would the business inevitably fare and for how long?
That’s why income protection for small businesses is absolutely something that should be considered if the business owner wants to afford total peace of mind.
Two separate pieces of research have highlighted both the importance and the need for organisations to be providing the right employee benefits to their staff.
The financial wellbeing of employees should be an area of focus for organisations after the Covid pandemic, as research reveals how money worries have resulted in anxiety, stress and depression for staff. With this in mind, businesses should be looking at the staff benefits they are offering and see if they really are supporting their employees’ best interests.
The pandemic has triggered many people to rethink how they access healthcare services. With lockdowns and social distancing requirements, popping to a GP surgery to be seen was, suddenly, no longer a viable option.
Now, as employees return from furlough and working from home, we are tasting a sense of normality once more. But what is sure is that people will continue wanting to access healthcare services in innovative ways. That’s why employers need to ensure any health-related employee benefits they provide are relevant, keep up with employees’ needs and enable access to the latest healthcare services.
Employers must try to do more to support their employees’ mental health, or risk their biggest assets becoming unwell and unable to work. And yet, despite COVID restrictions easing and people returning to their places of work, the pandemic continues to have widespread implications on people’s health.
Which is why organisations whose employee benefits packages aren’t working in their workers’ best interests stand to lose out in many ways.
With UK job vacancies at a record high, according to the latest release from the Office for National Statistics (ONS), organisations need to put themselves in the best position possible to attract and retain the best talent. Failure to do so will likely see a company’s top assets looking elsewhere for employment.
Employees aged 50 and over who switched to remote working as a result of the COVID-19 pandemic have reported improved health and wellbeing. That’s one of the key findings to emerge from recent research from the Office of National Statistics (ONS). Is remote working part of the employee benefits you offer?
The vast majority of employees want their employers to encourage good mental wellbeing in the workplace, but very few actually are. With Group Risk products often making up a significant proportion of employee benefits packages, it’s time employers started implementing solutions that their employees want. Fortunately, such products don’t cost the earth and employers that stay ahead of the curve stand to reap the greatest rewards.
Sadly, many senior business leaders 'assume' they know what their employees want when it comes to a wellbeing programme. But without actually asking, organisations risk being seen as not listening to their employees’ needs and end up with low adoption rates of the programmes (such as Group Risk benefits) that they actually implement.
