Nearly four in 10 (39%) employers have, or are intending to, increase support for employees with private medical insurance (PMI), Towergate Health & Protection found.
According to Towergate's research, which surveyed 500 HR professionals, a total of 92% of employers either have increased or are intending to increase the support offered to employees due to the cost-of-living crisis. Increased salary was the most common form of support employers were offering or were planning to offer (48%), alongside access to financial guidance, such as budgeting and debt management (43%); and PMI (39%). Employers have also either boosted or planned to boost rewards and discounts, such as for everyday shopping or gym (37%), benefits that cover an employee's salary ...
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.