Three in five SMEs focusing on health and wellbeing benefits for staff

ABI research

John Brazier
clock • 1 min read

Association of British Insurers (ABI) finds 60% of SMEs say offering health and wellbeing benefits to staff boosts productivity

Research carried out in October last year found that three in five (60%) of small-to-medium businesses (SMEs) acknowledge that providing health and wellbeing benefits has a high impact on supporting the productivity of their company.  This percentage rises to 69% among medium-size businesses, whilst 22% of SMEs rated having health and wellbeing benefits as being critical for ensuring high productivity.  However, only one in five (20%) indicated an awareness of a legal requirement to provide information on benefits to new employees by their first day of work.                    Char...

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 Employee Benefits

Howden snaps up Barnett Waddingham

Howden snaps up Barnett Waddingham

Provides platform for expansion in global markets

Jaskeet Briah
clock 25 March 2025 • 2 min read
PIB Employee Benefits acquires Amba

PIB Employee Benefits acquires Amba

Technology acquisition

Cameron Roberts
clock 24 March 2025 • 1 min read
Financial services firms to tackle employee wellbeing challenges

Financial services firms to tackle employee wellbeing challenges

Firms to boost health and wellbeing investment

Jaskeet Briah
clock 19 March 2025 • 1 min read