England 16/08/2012- Firms are still seeing the benefits of company health insurance and investing in it
In the current economic climate, the majority of firms are looking to cut their overheads. This is understandable because reducing overheads is an effective strategy that can keep companies to keep their heads above water for longer. Many firms have taken a long hard look at things like company health insurance and considered dropping it.
However, much to the relief of the private healthcare industry, a surprising number have decided to continue with health insurance for their employees. The majority have taken a detailed look at the benefits of company health insurance and decided to continue with it.
They have seen that good health insurance for their employees can actually save them money in the long run. An employee who has health insurance via the company feels more valued. Private healthcare insurance engenders loyalty in your workforce. A surprising number of people appreciate the additional protection of such insurance. They are loath to leave a company who offers such an important benefit.
Given the current state of the National Health Service, many people are quite nervous about leaving all of their healthcare needs down to the state. The majority of them feel that whilst the NHS is coping at the moment simple economics means that they will not be able to continue to do so in the future. As a result, they feel that state provided health care in the UK will deteriorate rapidly. Therefore, they are more than happy to go the extra mile for an employer who provides them with private health care.
The role of company health insurance in productivity
Without a doubt, a well-motivated workforce is more productive. Someone who wants to keep their job will work to 100% of their ability and capacity. In addition, should that person fall ill private healthcare means that they can be got back on their feet far more quickly. In most cases, they can see a consultant within a week, rather than having to wait several months to do so. Firms like Company Health Insurance have been pleasantly surprised to find their existing clients are remaining with them despite severe financial pressures.
Company Health Insurance
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