The Economist Group has turned to Northwich-based Willis PMI Group to provide medical and income protection insurance cover for its employees.
Staff at The Economist Group will receive private medical insurance (PMI), international PMI and income protection from the specialist provider of employee healthcare services.
“We are committed to ensuring that the interests of our valued workforce in the UK and across the world are protected with benefits provision backed by the highest standards of consultancy advice and support,” said a spokesperson from The Economist Group. “We really value the service and expertise Willis PMI Group has provided us with.”
Richard Munro, Willis PMI Group’s Managing Director, added: “The Economist Group boasts a tremendous history and we are delighted to be working with such a long standing and respected media publication.”
The Economist Group has offices in New York, London, Hong Kong and San Francisco, alongside a growing and diverse worldwide footprint.
More than a quarter (28 per cent) of UK employees have taken time off work or worked irregular hours to care for a family member, according to research by Willis PMI Group.
Although 34 per cent have benefited from flexible working to do so, almost a third (30 per cent) have taken sick leave and a further 29 per cent have used their annual holiday allowance.
“Although employees have a legal right to take time off to deal with emergencies involving dependants, those having to juggle work with ongoing caring responsibilities can feel under considerable pressure and may even be forced to give up work(1),” said Mike Blake, Willis PMI Group Director.
“There is a strong business case for offering flexible working options, with such provisions improving productivity and cutting costs by reducing staff turnover and absenteeism.”
Legislation introduced last year has given all employees with 26 weeks of service the right to request flexible working(2). The Willis PMI Group study however found that less than half of workers (42 per cent) are aware of this entitlement.
Furthermore, only 42 per cent believe their employer would accept a request for flexible working in any case to help them manage their work-life balance.
“Family life demands can be extremely challenging and faced with an ageing population, eldercare responsibilities are set to rise,” added Blake. “The workplace will need to keep pace to ensure the health, wellbeing and motivation of staff is not compromised.”
(1) A Carers UK/YouGov poll found that more than two million people have given up work to care for a loved one (March 2013)
(2) The Children and Families Act 2014