The recent Autumn Budget reveals a focus on reducing sickness absence among the working-age population.
- A ‘Get Britain Working’ white paper will be introduced to address root causes of inactivity and poor health.
- The budget emphasizes shifting from treatment to prevention to enhance workplace health.
- Employer National Insurance contributions see an increase, potentially impacting company budgets for employee health investments.
- Employers are encouraged to utilize private sector support for employee benefits to ease NHS pressure.
In the latest Autumn Budget, the focus extends beyond the headline measures involving National Insurance and public spending to an important initiative aimed at reducing sickness absence in the working-age population. The introduction of a new ‘Get Britain Working’ white paper is intended to explore the fundamental causes of inactivity and poor health, which are key areas of concern for both the government and the employee benefits industry. This initiative aligns with the longstanding efforts of benefits advisers and providers who have sought to enhance workplace health and productivity through various health, protection, and wellbeing tools.
The budget’s emphasis on transitioning from sickness treatment to preventive measures is particularly significant. While the Chancellor signals an intention to bolster the National Health Service’s (NHS) capacity by focusing on prevention, details remain sparse, and any improvements will require time to manifest in reduced waiting lists and enhanced service delivery. Meanwhile, there is an opportunity for employers to play a pivotal role by leveraging private sector solutions within their employee benefits programs, thereby supporting both employee health and easing the burden on the NHS.
However, the announcement of increased employer National Insurance contributions presents a challenge. This change is likely to strain company budgets, notably when businesses are being prompted to enhance spending on employees’ health and wellbeing. Despite this, the emphasis remains on the value of investing in well-structured employee support services that promise mutual gains for employers, employees, their families, and even the NHS. In light of these developments, it is crucial for employers to recognize and act upon the available opportunities that benefit all parties involved.
Overall, the Autumn Budget highlights the need for collaboration between government, employers, and the private sector to enhance workforce health and productivity.
