Employers risk losing staff by not communicating group risk benefits effectively

Adam Saville
clock • 2 min read

This January, one in five people are looking for a new job, with almost half of them seeking better offers elsewhere. More effective communication of group risk benefits would help recruit and retain staff, research by GRiD has revealed.

Employers may struggle to retain and recruit staff by not communicating the value of their employee benefit packages effectively enough, Group Risk Development (GRiD), the industry body for group risk protection, has warned. Research by GRiD found that most employers are seriously downplaying the remuneration packages on offer to employees and therefore risk losing worker interest in jobs as early as the interview stage. Only a fifth (21%) of organisations discuss benefits such as employer-sponsored life assurance, income protection and critical illness protection when discussing pote...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

Generali UK adds bereavement support to employees

Generali UK adds bereavement support to employees

Partnership with Winston's Wish

Jaskeet Briah
clock 10 December 2024 • 2 min read
SMEs expanding PMI, CIC access

SMEs expanding PMI, CIC access

Tackling financial strain for employees

Jaskeet Briah
clock 09 December 2024 • 3 min read
UK workers facing workplace barriers due to health

UK workers facing workplace barriers due to health

Deloitte research

Jaskeet Briah
clock 04 December 2024 • 3 min read