The 5 benefits of offering health insurance to employees.

Improves employee engagement.

Hiring and engaging the best talent in your industry can be tricky. For this reason, organisations offer competitive employee benefits, such as medical insurance, to both attract potential employees and engage those already part of their business. Medical insurance, in particular, is a particularly sought-after benefit that could play a major part in ensuring the loyalty of your employees and convincing others to make the move to your organisation.

Reduced absences.

Offering health insurance to employees can help to address absenteeism in the workplace. With better access to medical care, as well as faster treatments, employee absences are guaranteed to drop. With what seems like ever-increasing NHS waiting list times, health insurance provides quick and effective medical solutions to speed up employee recovery times. Not only this, but health insurance also allows employees to book appointments and treatments at convenient times outside of working hours.

This reduced absenteeism has proven to boost productivity in the workplace and ease pressures on smaller teams and businesses when employees are off sick. 

Enhances the mental well-being of employees.

On the topic of absenteeism, ‘presenteeism’ is just as much of a problem when it comes to productivity. Presenteeism occurs when individuals struggle with being productive in the workplace due to their mental well-being. Luckily, health insurance also covers employees’ mental health, offering access to private counselling and therapy. 

It’s in this way that providing health insurance can help to foster a culture of both positivity and productivity around the office, encouraging employees to put their mental well-being first and making your workforce all the more equipped to perform at the highest standard.

Boosts relationship with employees.

It’s all well and good wanting your company to succeed, but it’s important that your employees do too. Those who feel genuinely appreciated and supported with worthwhile employee rewards and benefits, like health insurance, are more likely to strive for better results for their employers. Don’t undervalue the importance of keeping your employees happy and healthy; it truly benefits everyone. 

Improves your organisation’s reputation.

Set the example of what a workplace that genuinely cares about its workers looks like and boost your organisation’s reputation with a benefits scheme that properly demonstrates your company values. Not only will offering health insurance make you a model company, but it’ll make you an organisation that industry newcomers strive to work for and could even attract new business from companies keen to work with brands that share their core values.