Workplace health insurance programs are enormously popular because they offer
numerous mutual benefits for both the employee and the employer. The best
healthcare packages combine both individual and organizational strategies if it
is to benefit the employees, their families and the company as a whole.
4 Benefits to
employers offering health insurance
From an employer’s perspective, it is unfortunate that a majority of
publicity relating to providing healthcare perks to employees mostly focuses on
the added burden that these benefits impose to a company.
However, it is important to look beyond the liability and focus on the
overall benefits that come with offering the cover to your employees.
Good for the company image
One of the most important components of your company's brand is its
public image. By offering a good benefits package including health insurance to
employees, you help increase your company's visibility to potential future
employees and the general public. Most people use this measure to gauge the
company's desirability when seeking employment. To them, this in part shows
your commitment as a caring employer.
Healthy employees, satisfied with their salary package are far more
likely to value their jobs and less likely to take days off sick. This is good
for productivity and overall job satisfaction. A healthy employee with peace of
mind who practices preventative health care is a tremendous asset to any
employer and the health care package helps create this virtuous circle.
Saves the employer money
The cost of providing healthcare packages, whilst a major investment, is
still likely to provide the employer with savings over the cost of sick pay,
the cost of holiday accrual during sickness, the cost of temporary staff to
cover the sick employee and the cost of managing the sick employee.
Helps you retain your best employees
Having a strong benefits package that incorporates health insurance will
help the employer when it comes to retaining or attracting good employees. It
is often the deciding factor when a competitor is head hunting your best
people. If you have looked after them well the loyalty factor will usually
3 Benefits of health
insurance to employees
It is a valuable perk
At a time when we are always looking to maximise our salary, the
healthcare perk is a very attractive one when offered as part of the employment
package. Such a benefit offers employees and their families the reassurance of
being quickly and efficiently seen in the event of health worries.
Enhances job satisfaction
Employees appreciate the care and sacrifice that their employers make by
offering them, and often their family, comprehensive health cover. This gives
peace of mind that has a positive impact on job satisfaction. It is said that a
happy employee is a more productive employee.
It’s more convenient
Job-sponsored health cover will help ease pressure of waiting anxiously
for doctor’s appointments and enables health issues to be tackled quickly,
efficiently and at a time to suit you.
A staff benefits package that includes healthcare insurance delivers
benefits for both employees and employers in equal measure. It can be argued
that a company is more likely to experience success and profitability for
longer with a workforce that is looked after properly by a caring employer.