cases being brought against organisations by employees unhappy about the way they are treated when sick could be limited if companies adopted sufficient medical insurance, it has been suggested.
According to the Forum for Private Business (FPB), "countless" firms could save both time and money by investing in this area in the aftermath of the global economic downturn.
The organisation - which is a not-for-profit enterprise that provides support, protection and reassurance to small and medium-sized enterprises in the UK - stated that introducing such measures would result in "increased employee loyalty and satisfaction", which may reduce the number of workplace grievances.
Such a scheme would, the FPB claims, help to ensure that workers return to their jobs as quickly as possible following a period of illness.
Nick Palin, finance and administration director at the group, noted: "Employees often represent a business's greatest investment, so it makes sense for business owners to optimise this investment by reducing sickness absence and increasing staff retention."
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Posted by Richard Saunders