5 Things The Employee Benefits World Taught Us This Week – February 6th
A lot happens in the employee benefits world every week and this column aims to share with you the latest news from the world of employee benefits with the 5 main benefits stories from the week published right here every Friday.
1. We found out that few employers have cancer-related health initiatives.
Research from Bupa released on World Cancer Day on February 4th that just 4% of employees have seen their employer run a cancer awareness initiative. This came even though 38% of employers said that they see cancer prevention as a priority. Dr Fiona Adshead of Bupa said: "Employers have a crucial role to play in reducing cancer."
2. An obesity ruling could cause a headache for employers
The European Court of Justice has clarified a December ruling which suggested that obesity could be classed as a disability. Now, however, only the symptoms and side effects of obesity can be classed as a disability, This could have an impact when it comes to benefits as employers won't be allowed to exclude obese employees from inclusion in certain benefits offerings such as group private medical insurance, even if this turns out to be more costly. Employers could also be expected to make "reasonable adjustments" to the workplace to accomodate obsese workers.
3. National "Sickie" Day may have seen employees interviewing for rival jobs
Monday the 2nd of February was National "Sickie" Day and while many employers may simply have put this down to some post-Superbowl fatigue, the recruitment company which came up with the figures for National "Sickie" Day also realised that February 2nd was the most popular day for job interviews. February is the most popular month for job interviews in any case, with 18% more taking place this month, and the 2nd is the most popular day of that month,
4. The government laid out the final regulations for the pension charges cap
The UK government spelt out the final set of changes for the upcoming pension charges cap. The cap will see pension advisers no longer able to charge commision, which will result in fees being asked from HR departments. For further information on all the changes involved in the pension charges cap click here.
5. Female retail workers don't feel their employer looks after their wellbeing
A new study by Unum has found that only 46% of females working in retail think their employer looks after their wellbeing, while 76% of males in the industry believe that their employer does. Furthermore, one third of females surveyed said that they even felt their wellbeing had gotten worse in the last three years, compared to the 23% that thought it had improved.