Only one third of employers offer financial support to staff who are absent for six months or more, are diagnosed with a serious illness, or die while being in employment, according to new research from industry body, Group Risk Development (GRiD).
The research showed that 35% of surveyed employers only offer support to some employees at certain levels of experience, seniority, or pay, rather than the whole workforce. Only 8% of employers who offer ‘opt in' insurance benefits which would consider long-term support, while 33% of surveyed employers said they offer no support at all. Katharine Moxham, a spokesperson for GRiD, said, the number of employers who offer support is "actually much lower in practice, and given the current squeeze on household finances, this highlights a woeful lack of financial support and security for ma...
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