Slimbridge blog articles categorised 'Business'

Has COVID-19 cause an increase in demand for Private Medical Insurance (PMI)?

Since the beginning of the Coronavirus pandemic, the number of people purchasing private health insurance in the UK has doubled for the first time ever.

But where has this rise in interest in private medical insurance come from?

Absenteeism

Habitual absence from work, or absenteeism, is thought to be one of the major causes of lost productivity in the modern workplace. While it’s expected and largely understood that an employee might miss a few days annually due to illness or unforeseen circumstances, there can be major fallout if absence becomes expected or routine. Absenteeism not only poses a threat to productivity, and expense of lost wages, but can have a negative impact on overall morale and mood in the workplace.  

Presenteeism

We’ve all taken a day or so off from work when we’re feeling a bit under the weather. Taking a little time off to recuperate is often the best way to get over it quickly and get back to the office. It’s not uncommon however for people to drag themselves to work regardless of illness, leading to the common phenomenon of presenteeism.