Could two million of the UK’s lowest paid workers soon be eligible for Statutory Sick Pay?

Today it has been announced that millions of the UK’s low-paid workers could become eligible for Statutory Sick Pay for the first time under new government proposals.

The Department for Work and Pensions announced that they would be consulting on new policies which it claims, could help businesses support and retain employees with disabilities and health conditions, it is proposed that this would be achieved by lowering the eligibility threshold for Statutory Sick Pay (SSP).

As with any changes to Government policies, this is met with both pros and cons, and today there has been plenty of debate following the announcement with multiple differing perspectives, including a rather interesting talking point on Radio Two!

Continue reading “Could two million of the UK’s lowest paid workers soon be eligible for Statutory Sick Pay?”

How can employers effectively support employee financial wellbeing?

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Many people reading the title of this post will be wondering why is employee financial wellbeing important, and what does it have to do with me as an employer?

Financial worries account for the majority of stress felt by employees in the workplace today, this can be attributed to the rising costs of living combined with the stagnation of salaries. However, the impact that personal finances has on your employee’s health in terms of poor psychological wellbeing, higher stress and anxiety levels, can be felt heavily by the employer such as increased levels of absence and lower levels of productivity.

Continue reading “How can employers effectively support employee financial wellbeing?”