The cost of medical care is increasing all the time. Without comprehensive health coverage, many people end up going into crushing debt just to get the care they need. For this reason, employers have a moral obligation to help their staff stay happy and healthy.
However, this doesn’t mean that you should only see healthcare benefits as advantageous to your employees. In fact, there are many ways in which employers can benefit from providing well-funded healthcare including a concierge doctor to their staff. Not only can it transform your workforce and increase overall employee satisfaction, but over the long term, it can actually help improve the output and profitability of your brand. So, in today’s guide, we will look at how healthcare benefits can transform your workforce and enhance your business!
Employees Expect Some Help With Medical Expenses
These days, healthcare benefits are more of an expectation than an “extra” benefit. The job market is still competitive, but the power has largely shifted away from employers and toward workers. This means that many applicants have the ability to choose between multiple job offers based on their career goals, salaries, and — of course — employee benefits. If you do not offer quality, comprehensive health plans for employees, you may struggle to fill empty positions at your business. By offering healthcare options, you attract better talent, enhancing the overall quality and performance of your workforce.
Employees Are Not Afraid To Take Time Off For Their Health
When employees have healthcare and know that it is an established benefit throughout your organization, they are not as fearful of taking time off for their medical needs. For example, if an employee is experiencing foot problems and needs to consult medical professionals at The Bunion Cure, they may be afraid to take time off for fear of losing their jobs. This is because a lot of predatory employers offer benefits, but then create a hostile work environment in which it is frowned upon to actually use them.
Instead, if you offer health benefits and stand behind them, employees will feel confident in their ability to seek care as needed. While this may result in more PTO in the short term, it will ultimately lead to fewer healthcare costs for employees who stay with your company long-term. Moreover, it shows your employees that their healthcare is a priority, not a liability.
Retention Rates Increase When Employees Feel Cared For
Finally, it’s important to note that comprehensive benefits packages greatly increase retention rates in most organizations. When employees know that you are willing to invest in their well-being, they are far more likely to be loyal to your business. Moreover, they have a greater willingness to work hard and be productive for the benefit of the organization. In short, investing in your employees’ health pays dividends in more ways than one!
