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

Quarter of businesses not benchmarking benefits: Towergate

Quarter of businesses not benchmarking benefits: Towergate

Towergate Employee Benefits research

Jaskeet Briah
clock 12 November 2024 • 1 min read
Circle Health launches health insurance service for businesses

Circle Health launches health insurance service for businesses

Getting people back to work

Jaskeet Briah
clock 06 November 2024 • 2 min read
Broadstone boosts employee benefits division

Broadstone boosts employee benefits division

Increasing demand for more flexible benefits

Jaskeet Briah
clock 04 October 2024 • 3 min read