Corporate Adviser
  • Content Hubs
  • Magazine
  • Alerts
  • Events
  • Video
    • Master Trust Conference 2024 videos
  • Research & Guides
  • About
  • Contact
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG
No Result
View All Result
Corporate Adviser
No Result
View All Result

Only 40pc of employers offer physical health support for injuries or illness: Grid

by Muna Abdi
August 20, 2024
Share on FacebookShare on TwitterShare on LinkedInShare on Pinterest

Only two in five or 40 per cent of employers offer physical health support, such as private treatment or vocational rehab, for injured or ill employees, according to Grid.

Businesses provide a variety of benefits for injuries or new illnesses/disabilities: 38 per cent provide mental health assistance, such as Mental Health First Aiders, EAPs, and counselling; 38% provide social health support by involving employees in workplace events; and 36% provide financial health aid, such as budgeting advice, discount coupons, and pay advances.

Employers who provide support to employees with injuries, new illnesses, or disabilities report that physical health support is the most beneficial, followed by mental health at 31 per cent and financial health at 29 per cent.

Additionally, 41 per cent of businesses provide support on an individual basis. Grid identifies many drawbacks of case-by-case support funding arguing it is expensive and difficult to budget, lacks consistency, which can lead to claims of inequality, requires clinical knowledge to minimise wasted funds and delayed outcomes, and may be insufficient for long-term or complex illnesses.

Grid spokesperson Katharine Moxham says: “While it is good to see employers thinking broadly about their staff in these situations across the four main pillars of physical, mental, social and financial support, these figures are low. We would like to see more employers prepared to support their workforce through these difficult times.

“We would encourage more employers to investigate how group income protection has helped other companies and how it could support theirs. It does of course give financial assurance but also a great deal of preventative and rehabilitation support too.”

Corporate Adviser Special Report

REQUEST YOUR COPY

Most Popular

  • Aegon UK up for sale

  • Mercer accelerates pension innovation with the acquisition of Engage Smarter’s tech and talent

  • Risks and opportunities for pension access for home purchase – Nest Insight

  • Aviva completes Finnair buy-out in record time

  • Pension contributions influence retention but fall short of employee expectations: Penfold

  • Canada Life UK appoints chief actuary

Corporate Adviser

© 2017-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy policy
  • T&Cs
  • Contact

Follow Us

X
No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.