Follow us on:

CloseClose

Employer News - Employers underestimate the likelihood of a ‘serious issue’ affecting staff, according to GRiD

Employers are underestimating the likelihood of a serious issue affecting their staff in the next twelve months, according to new research undertaken by GRiD, the industry body for the group risk protection sector.

For example, the figures show that despite nearly four in five (78 per cent) HR professionals at larger employers having supported a member of staff at their current workplace through bereavement, their prediction of needing to do the same in the forthcoming twelve months is lower at 65 per cent.

Similarly, many HRs at larger companies (76%) have dealt with an employee being absent for six months or longer, but the perceived likelihood of doing this again in the next twelve months is just 60 per cent, 16 percentage points lower.

Further gaps in perception versus reality exist when HRs considered dealing with staff with mental health problems; dealing with staff who have been diagnosed with a serious illness such as cancer or stroke; and also in dealing with the death of an employee.

Likelihood of a serious issue happening

Regardless of whether an employer has had to deal with an issue previously, statistics demonstrate the actual likelihood of employees being affected by serious issues.

Macmillan’s figures show that 125,000 people of working age are diagnosed with cancer every year; Mind’s figures show 1 in 4*** people will experience a mental health problem each year; and ONS data reveals that 16% of people who died in 2017 were of working age.

Please click here to view the full article.

Join now

If you are active in the group risk market and would be interested in gaining a greater share of voice and working more closely with your contemporaries in the industry please get in touch by completing this page.

Benefits of membership:

A STAKE IN POLICY

A STAKE IN POLICY

The opportunity to influence group risk policymaking.

VALUE BY ASSOCIATION

VALUE BY ASSOCIATION

GRiD is a respected voice in the protection sector – as such, membership enhances the status of member organisations.

ACCESS TO EXCLUSIVE INFORMATION

ACCESS TO EXCLUSIVE INFORMATION

Privileged access to output from the various working groups, including consultation responses, regulatory updates, employer research and pan industry claims data. GRiD members also gain exclusive access to industry speakers at member meetings.

Please enter your details:

Member register
  •     Already a member? Please login.