Company health insurance is not only beneficial to employees that take advantage of the policy but also the employer, who can reduce sickness absence, offer improved remuneration packages, and help to promote healthy living to all employees. There are many company health insurance packages available and choosing the right one will mean opting for the policy that is best suited to your business as well as to your individual employees and the one with the best package at the best price.
Absenteeism can prove a major problem for any business but especially the smaller organisation which has fewer resources to cover sickness leave. Absenteeism costs businesses an average of nearly £700 per annum per employee accounting for approximately 7 days of absence every single year. While none of us can help getting ill, with company health insurance it is possible to reduce the likelihood of major absences caused by illness.
Most people value their health highly. Adding company health insurance to a remuneration package means that potential candidates will be more inclined to accept a post with your organisation than one that does not offer this same benefit. Your existing employees will also be more loathed to leave your employment knowing that they will be leaving behind their company health insurance access. You can improve your recruitment drive results and maximise employee retention rates.
Providing peace of mind for employees means that you not only help set their mind at ease but you can improve their morale, creating a happier and more efficient workforce at the same time. Peace of mind is not something that is offered by every job and this means that by providing it to your team you will be seen as forward thinking and a caring employer; positive traits that encourage loyalty and dedication from your team members.
Company health insurance can help attract the best talent to any posts that you need filled and it can also help you to retain staff for longer and on a more beneficial basis. What’s more, it can reduce the amount of time your employees are absent through ill health which means greater bottom line profits for your business.
Visit CompanyHealthInsurance.co.uk for more details on the benefits of company health insurance and to see how we can help your organisation provide access to the best possible policies at the most competitive prices.
