Illness absence a menace for SMEs however take-up of safety stays low

Illness absence is severely impacting UK SMEs however
take-up of safety merchandise stays low, in keeping with analysis from Unum.

The survey discovered 44% of UK SMEs reported a minimum of one
worker absent for 4 weeks or extra within the final 12 months. 

Nearly all of SME bosses stated illness absence of over
six months of a key worker would have a major (44%) and even vital
(24%) influence on the long run success of the enterprise.

Greater than half (55%) stated they might do every part they
might to assist a member of employees again to work after a interval of sickness.

Regardless of this, one other current examine by Unum and the
British Chamber of Commerce (BCC) discovered uptake of core safety advantages is
very low.

Solely eight% of UK companies surveyed provided earnings
safety, 22% stated they provided life insurance coverage, 9% provided vital sickness
insurance coverage, and 22% stated they supply nothing in any respect within the type of monetary
safety advantages.

Peter O’Donnell, chief government officer at Unum UK, warned
that sickness and long-term illness absence can have a critical influence on
people and their households in addition to to companies of all sizes and throughout
each sector.

“Good employers need to assist staff when they're
unwell as our analysis reveals, and making our providers extra trendy and serving to
them higher perceive how merchandise like group earnings safety will help, is
an necessary place to begin,” he added.