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Employee Healthcare and Benefits

  • Created on the 27 June, 2014.

Employee Healthcare and Benefits – Why is healthcare so important to a business and its employees and why do employees value this perk so highly?

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Employee healthcare and benefits have become an important part of a company’s strategy when securing the best possible talent to help their business grow. But of all the benefits offered, why is healthcare so important to a business and its employees and why do employees value this perk so highly?

Typical benefits can include a whole list of services from cash plans, gym memberships, healthy eating promotions, pensions and insurance as well as health screening and promotion.  Benefits are a great thing to offer new as well as existing employees and can be part of an employer’s long-term approach to improve the productivity and engagement of their staff.
Of all these benefits however, workplace health promotion and yearly health screens tend to be received by employees far better than most. 

“…Employers who implement a comprehensive set of strategies to address employee health and safety benefit by having the ability to reach most if not all employees at the work-site simultaneously…”

For employees, the maintenance of their own individual health is often seen as a difficult challenge a midst the demands of the working day, family responsibilities, and other social obligations. However, adopting healthy behavior not only reduces the risk of developing disabling or life threatening diseases with their associated costs, but improves everyday quality of life

 In a recent survey, 77% of employees responded that “health and wellness programs positively impact the culture at work. 

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Participation in health promotion activities through a workplace health program allows individuals to develop knowledge, self-management and coping skills. Employees often see a comprehensive workplace health program as an investment made by their company for their own well-being and a reflection of how much the company actually does care about them and other employees…this just might impact on job satisfaction and morale.

Employers can also benefit from workplace health programs through enhanced productivity, decreased employee absenteeism, and even lower insurance and workers compensation costs. These strategies help create a culture of health and make the healthy choice the easy choice for employees. 

In addition, workplace health programs are increasingly seen as a core component of attractive employee compensation and benefits packages. This can be used as a recruitment and retention tool to attract and keep high quality employees and maintain not only morale and job satisfaction but also productivity.

  • Employees in good health are 3 times more productive than employees in poor health
  •  Healthy employees are able to concentrate more on their jobs and the make 60% fewer errors than employees in poor health
  • If an employee will exercise at least once a week, they will reduce their average number of sick days from 10 to 5
  • 87% of employees consider health and wellness benefits when choosing an employer

“…The wellness and well-being perk has become an important part of company healthcare and sickness absence strategies and recruitment…”