By Jo Gallacher 5 June 2020.
According to research from industry body Group Risk Development (GRiD), 9% of UK businesses said that providing financial support is not their responsibility
Given 50% of people survive cancer for 10 years or more, with many bound to return to the workforce, this is an issue that more employers will need to address.
However, 77% of employers claimed to offer practical or emotional support for staff when diagnosed with a serious illness, and some of this support may be funded by the employer directly rather than via an insurance policy.
Katharine Moxham, spokesperson for GRiD, said: “It can be difficult to know exactly what is the right support to offer in cases of serious illness as the situation changes for the employee. However, with so many innovative group risk providers incorporating a wide range of additional support within their policies, providing access to financial support should now be the absolute baseline for employers who want to support their staff at this time, and there’s a wealth of extra help that can be tapped into.”
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