Employees benefit from £2.21bn total group risk payouts in 2022
Industry data compiled by Group Risk Development (GRiD) shows that employees and their dependants have benefitted from £2.21bn in claims paid by group risk providers. Group risk benefits: employer-sponsored life assurance, income protection and critical illness, are some of the most popular benefits offered to staff, and they have been well utilised throughout 2022. Not […]
Nearly one in five employers offer no health & wellbeing support to prevent ill health
Although many employers are embracing the benefits of offering employees preventative health and wellbeing support, there is still work to be done, with 18% of employers not offering any support for prevention. That’s according to research results revealed by GRiD, the industry body for the group risk industry, which asked employers what health and wellbeing support […]
GRiD warns against dealing with serious health and wellbeing issues case-by-case
Dealing with serious employee health and wellbeing issues on a case-by-case basis is not only expensive but inefficient and inconsistent. That’s according to GRiD, the industry body for the group risk protection sector, which has commissioned research that shows most businesses provide employee support on an individual basis rather than putting in place a formal, […]
42% of companies don’t measure staff appreciation of benefits
It takes time and resources to offer benefits to staff, and, in addition to helping companies support their staff, they are also an excellent recruitment, retention and engagement tool. If companies don’t measure how much they are valued, they’re missing a trick, says GRiD’s Sarah Moxham… Support recruitment and retention Asking which benefits are most […]
