A recent survey by the Chartered Institute of Personnel and Development stated that staff illness costs companies an average of £522 per person per year.
In today’s economic climate investing in the health of your staff is pivotal to the smooth running of any business.
Protecting your business against the potential costs of illness has become the keystone of absence management provision and private medical insurance is widely recognised as an invaluable employee benefit for any size of business.
It goes without saying that the sooner your employee has been assessed by a specialist consultant then the earlier the treatment will commence.
This results in your staff member returning to work a lot sooner, healthier and more cost efficient to the profitability of your company.
Whilst health insurance traditionally only covered acute medical conditions, nowadays most insurers take a more modern and holistic approach offering flexible products to suit differing requirements.
Examples of this are the introductions of discounted gym memberships, stress counselling helplines with face to face where necessary, virtual GP service via an app, direct pathways for physiotherapy and even online health management portals.
Each business would be assessed on its own needs and requirements.
Extra protection can be added to compliment the group health insurance with a huge array of very cost effective occupational health services all designed to promote staff retention and well being but most of all keeping all employees healthy and at work.
When you take out company medical insurance for your employees, they’ll certainly feel happier working for you, feel more valued, plus it will help you improve your staff retention and recruitment.