While much of the focus on providing employee healthcare has to do with what your workers get from the deal, never overlook what offering the right benefits will do for the business. Your investment in employee well being will affect the day to day operation of the company. Here are some of the ways that offering everything from medical to dental coverage to the creation of an HSA account by Benecaid will be advantageous for everyone involved.
Healthy Employees Don’t Miss Work
Employees who are not ill are less likely to miss days at work. When the range of employee health benefits you offer includes annual checkups and access to quick treatment for various ailments, everyone shows up, gets their tasks done, and then goes home. The business benefits because nothing is left undone at the end of the day. That means your customers are cared for properly, orders are processed efficiently, and salespeople are landing new clients. All those contribute to business growth.
Boost Employee Loyalty
There’s something about feeling appreciated that motivates employees to exhibit more loyalty to an employer. This pays off in more than one way. Loyalty means employees are less likely to be critical of the employer while talking with people outside the company. It also means they are more likely report any activities that they think might harm the business, including theft of proprietary information. Providing competitive employee health benefits is one of the ways you cultivate employee loyalty and motivate them to respond by protecting the best interests of the company.
Lower Employee Turnover
When you do have a great team, it stands to reason that you want to keep them as long as possible. One of the ways you build loyalty is by offering various forms of healthcare to those valuable employees. Along with taking proper care of them, you also inspire a higher level of customer loyalty. Knowing they have access to an HSA account by Benecaid, a dental plan, and other essentials gives them one less reason to look for another position. After all, why work for someone who may be less invested in them when they can stay with you?
Greater Returns From Training Costs
It takes money and resources to train new hires. Greater loyalty coupled with lower turnover means that you enjoy greater returns from those costs. Employees stay for more years and are usually more productive. See including an HSA account by Benecaid in the benefit package as an excellent approach to receiving more returns from the training.
More Likely to Recommend Qualified Candidates
Employees who are happy with their work and benefits want the company to remain successful. That’s why they will be careful about recommending possible hires. When an employee suggests someone for an open position, you can bet that person has already been vetted by your employee. That increases the odds of finding the right person faster and enjoying the skills and experience the new hire brings to the fold.
Employee health benefits are designed to help your team, but they will also help you. Choose the elements of your benefit package carefully and everyone will get a great deal from that package now and in the years to come.