Employees who receive income protection as part of their benefits package often value it highly due to the financial peace of mind and greater job security the cover provides. You benefit from improved staff retention and recruitment, as well as being able to retain valued employees during periods of prolonged illness. This can come at a cost typically of no more than 1.5% of payroll.An additional benefit to you is that it effectively insures the payroll and enables costs of the pension contributions and National Insurance Contributions to be covered during periods of extended absence.
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