Many say that a business is only as good as the employees that it has behind them and any experienced employer will tell you that this is absolutely the truth. It is important to have a healthy workforce and to provide them with the right kind of health insurance that everyone needs to keep themselves healthy and to keep themselves strong. Many staff take days off throughout the year because they are unhealthy and that might be due to things that are happening in the workplace or maybe a bug that they caught at home. Whatever the circumstances, it is important to get them well as soon as possible so that they can return to the workplace. Businesses all across the world lose literally millions in lost revenue every single year due to staff absences due to sickness.
If you are an employer then it might be a good idea to take out some private health insurance for your employees so that they can be there by your side when your business begins to grow and become more profitable. It makes perfectly good business sense for you as an employer to offer insurance regarding health to your employees and their extended families. The following are just some of the reasons why it makes perfect sense.
- Attract better employees – The job market is very competitive and at the moment it is definitely a seller’s market and that means that employees have a lot more control than they usually did. Coming out of the covid pandemic, a lot of businesses are finding themselves short of required staff and if your business is able to offer some kind of health insurance package as well as a good salary, then that moves you ahead of your competitors and makes working for your business a lot more attractive.
- Reduced business costs – Employees nowadays do not put a great deal of emphasis on how much money that you’re paying them every single month to do their jobs. They find it much more valuable to have the right kind of health insurance in place that protects both them and their families. This means that you get qualified people to come work for you and it doesn’t cost you as much because you can offer them lower salaries if you are offering them a better health insurance plan. This might allow you to take an extra vacation every year.
- Reduced insurance costs – If you have many employees then many insurance companies will want to do business with you and they will offer you reduced premiums because you’re taking up so many policies. This lowers the health insurance costs for everybody and as a direct result you should experience improved productivity and improved staff morale. A healthy workforce is a happier workforce and a happier workforce is a more productive workforce.
It is clear to see then that offering employee health insurance as part of their payment package is one excellent way to attract the best people and to reduce your overall staff turnover statistics. This is a win-win situation for everyone and that includes you, the employer and they, the employees.