Let’s highlight four benefits of investing in private health insurance for your employees:

You only get back what you put in.

This is also true when it comes to your employees. The more valued they feel, the more committed they become. According to research, three-quarters of employees responded that they feel greater job satisfaction when they receive healthcare benefits through their workplace. And ultimately, satisfied employees means further benefits for the company with increased staff loyalty, a more pleasant working atmosphere and improved productivity.

A healthy employee generates higher profits

When your employees can get instant access to excellent doctors, or, ideally, do not get ill in the first place, because potential illnesses have been picked up by screening tests, then you can avoid sick leave and losses for the company.

Without private health insurance, if an employee becomes ill, they will have to spend a huge amount of money on doctors before they become well enough to return to work. Or they won’t even get to that point, because they have got stuck in the maze of the healthcare system, their health just going from bad to worse.

Such scenarios can prove very costly for the employer too. Absence due to illness disrupts work processes, increases the workload on others and exposes the company’s vulnerabilities.

Private health insurance means employees' workloads do not increase and the costs incurred by the company remain below the level of the loss resulting from any illness.

Everybody wants to attract the best in the business

Every company strives to keep ahead of the competition. Gaining a competitive advantage does, however, rely on acquiring and retaining the best talent. Everyone wants to hire those professionals who are not only great at their job but also create significant added value.

Company directors and HR managers are redoubling their efforts to create a benefits package that will make their top employees’ eyes light up. Private health insurance is one of the most attractive perks on offer, not least because it prevents or shortens an employee’s suffering, saves them money and increases their prestige within the company.

Private health insurance is attractive from the employer's point of view as well, as, even though the cost of insurance is not tax-free, it is still far more favourable than paying such an amount as part of an employee’s salary. In addition, health insurance services can be customised to the company’s needs, can be managed as a package, and, in terms of value for money, can be adapted and optimised to suit individual expectations.

Our reputation in the industry matters

And it matters both to our employees and to our customers. Word spreads quickly on the employment market when it comes to how management and owners treat their staff. It takes just one disgruntled employee to give the company a bad name and tarnish its image.

A company that takes care of its employees, however, also gives customers the feeling that it represents superior values. And it goes without saying that this increases the company’s prestige, gives it status and triggers recognition. In our 21st century social media world with its networks of formal and informal connections nothing goes unnoticed. A company that values its employees instils trust, creates favourable associations and surrounds itself in positive energy.

These are just four of the benefits that private health insurance can bring to your company. Analysing needs is crucial when it comes to maintaining a pleasant atmosphere and boosting employee satisfaction. MediHelp will support you in designing and delivering the right health insurance plan to suit your company's needs and pocket.