Of all employee-related benefits, health insurance remains the most important to employees, and employers as well.
For one, employees who enjoy health insurance coverage feel that their well-being is of utmost importance to the company or business owner, hence, dedication to duty.
On the other hand, employers benefit from improved productivity as a result of the dedication of their employees to give back to a company that caters to their well-being.
In this post, we will be looking at the importance of health insurance and why you should make it a priority in your company if it isn’t yet.
Highly Appreciated By Employees
According to a recent survey by Glassdoor, employees identified health insurance as one of the benefits that are of paramount importance to them. Other benefits that are highly regarded by employees include paid vacation, pension, and retirement plans, maternity/paternity leave, and so on.
The study found that employees of companies that offer health insurance and other benefits tend to be happier and more dedicated to their work. On the contrary, employees that are denied these benefits tend to be unhappy, less dedicated and more unlikely to stick with their companies for a long time.
So, if attracting the right talent and keeping them is important to your company, health insurance should be a necessity too.
Apart from improved employee appreciation, providing health insurance, of course, guarantees better health for your employees. They can go for regular checks to stay in good health.
As an employer, you know that healthy and happy employees guarantee improved productivity. Instead of worrying about registering and paying insurance premiums, your employees can channel their energy towards getting more work accomplished.
Law Abiding and Access to Better Health Care, at a Reduced Cost
Providing health insurance for employees is mandatory in the UAE and some other Gulf countries. So, it is safer to carry out your business operations in accordance with local laws.
In addition, providing health insurance in a group offers you and your employees a lot of benefits.
Firstly, it gives employees the chance to access high-quality healthcare services that would have been very expensive for an individual to take up.
Secondly, it saves your employees the stress of registering for an individual plan, including going for medical tests.
For the employee, you stand the chance to retain a vast majority of your talent when you provide them with healthcare benefits. So instead of being the market for a new employee every now and then, your talents may be happy to stick with your company because of the benefits that they enjoy.
So these are some of the benefits of providing health insurance for your employees. Apart from being a mandatory benefit in some countries, offering such benefits is an indication that you care for your employees and they will repay you through dedication, loyalty, and improved productivity.
The best part is, signing up for group health insurance is not as difficult as you may have imagined. Our experienced brokers can help you with assessing your company profile and employees to determine the package and categories that are most suitable for your employees.
So feel free to give us a call today.