Small- to medium-sized business owners are understandably concerned about the state of health insurance in the country. It used to be that the expectations of the staff on benefits and employer-provided insurance was pretty straightforward, but now things are a lot more complicated. Companies are offering new types of perks and benefits to their employees.
Regardless of the ongoing changes in benefits and health insurance for small business, most owners realize that providing coverage for their employees can be a big advantage for their company.
Insurance as a Major Incentive for Employment
If you want your company to grow, you need to hire top-quality people. To do that, you should offer them incentives that are relevant and enticing for them. One of biggest enticements you can offer is health insurance. While unlimited coffee refills and fun company outings are fun perks, employer-provided insurance is the most important type of benefit.
A study by Glassdoor showed that 57% of workers said that benefits and perks are a top consideration when considering a job offer. And the most important benefit employees consider before accepting a job is health care insurance
It shows that you are concerned about the well-being of your employees and also exhibits your seriousness in investing in them as a valued member of the company. Take care of your employees and they will take care of you.
Better Employee Retention
Once you hire your ideal employees keeping them employed with you is also of paramount importance.
In addition to bringing on new quality hires, providing health insurance makes your long-time workers feel appreciated by the company as well. Offering a quality health plan helps keep your new and long-term employees with you.
Getting the Right Plan
Investing in a health insurance plan for your company is a major decision and you want to make the right choices. Make sure you get the best plan by doing thorough research in the market, compare different plans and ensure you are in line with the standards in your industry.
If you’re ready to look at making this investment for your company and employees, get in touch with a reliable health insurance brokerage agency such as Employers Select Insurance Services, Inc., Inc. They can help you find the right benefits package for you and your staff.
Sources:
Should You Still Offer Health Insurance as a Benefit? Entrepreneur.com.
The 4 Best Health Insurance Options for Small Business Owners. INC.com.
These are the Best Employee Benefits and Perks. FastCompany.com