A quarter of employees don’t know what they have.
Findings from Group Risk Development (GRiD) survey show how organisations are supporting staff.
Fifteen per cent of employers reported that they fund financial support themselves rather than via an insurance policy such as a group income protection policy, the study of 500 HR decision makers and 1,165 employees also found.
Katharine Moxham, spokesperson for GRiD said: "It may seem counter-intuitive but employees who are offered financial support at difficult times in their lives feel more valued and are therefore likely to return to work more quickly when they are able. Removing an employee's source of income is by no means a motivator to get them back at their desk, and nor should any employer be advocating presenteeism where employees return to work before they are truly ready."
Additionally, a quarter (24%) of employees don't know whether their employer offers them financial support in the event of long-term ill-health or injury, according to the research. A further 11% said their employer doesn't provide any financial support.
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