Judging by the search activity on Google for the term "health insurance," people only seem to care about the topic in the fall. Probably because this is the time for open enrollment.
Studies Show Health Insurance Is The Most Important Benefit To Employees, And You Should Be Really Happy About That
Employees who have a good health insurance program are more productive, more engaged, and more attached to their company. This is the findings of many studies and surveys done over the years.
2019 has all the earmarks of being just as successful of a year as 2018. This means employment will continue to rise, and you will have tough competition when it comes to attracting the right talent to your company.
Now that health insurance is mandated by law, is it still a benefit? Back 'in the old days' health insurance was a benefit used as an extra to attract applicants for jobs and to retain employees. The consensus was if you offered a good plan, you would get better people. As medical costs skyrocketed, the consensus became the truth.
Wellness programs are a controversial topic in the employee benefits world. These programs offer a way for employers to provide chances for their employees to learn more about health and fitness and practice healthy habits that could change their lives.
Open enrollment is upon us again and, like previous years, there is no better time to do a review of your employee benefits. You should mainly pay attention to your health insurance plan because there will be a few changes to the rules at the beginning of the year.
You might think the insurance policies you carry on your employees or that you have specifically for your company are solely financial tools, items with little effect on your employees and morale. However, your insurance plan is one of the strongest bridges you have with your team. It's one of the few connections you have linking you to them even when they are away from work.
Group insurance is one of the most common ways businesses, and associations provide insurance benefits for their members. There's a good reason for this. Insurance is one of the best benefits you can offer to your employees. A well-constructed benefits plan helps build employee loyalty, engagement and is a great tool to recruit and retain your best employees.
We've talked at length of the importance of employee benefits to your company. Yes, you know that benefits are just as significant, if not more important, as salary for attracting and keeping employees. You probably are also aware employees value their benefits at different stages throughout their career. For example, older employees appreciate health benefits more than younger employees, and younger employees place a lot of value in tuition assistance.