Think health care benefits aren’t excruciatingly important? Think again. A Society for Human Resource Management (SHRM) survey found 95 percent of HR professionals ranked health care as one of the top three benefits for employees. This explains why nearly 20 percent of companies have changed their health benefits in order to retain talent.
So why all of this buzz about health care? With rising health care costs and federal coverage mandates, employees are valuing health care benefits now more than ever as an extension of their income. But the value extends to employers, too. Here are the top five reasons health benefits should matter to you.
1. Talent Recruitment
A business is only as good as its employees—which makes hiring quality workers a top-notch priority. With the competitive job market, the best companies are leveraging health benefits to find the best talent. Not only that, companies are also ensuring future employees understand the value of health benefits. According to the SHRM survey, only 14 percent of HR professionals felt their employees were “very knowledgeable” about their health benefits. Yikes. As your company recruits new talent, it’s important to educate—and woo—your future employee with ins and outs of your health benefit plan.
2. Talent Retention
Hopefully you’ve already hired some awesome employees who do great jobs. Now the trick is to keep these talented gems from leaving for greener grass. This Monster survey found employees rank health care plans as the most important benefit offered by employers. So while having more desirable health plan options might cost you money up front, it can also save you hiring time, money, and headaches in the long haul.
3. Job Satisfaction
We all appreciate feeling valued—in our families, relationships, and at work. When you offer a high-quality health plan to your employees, they will get the message that your company cares. You’ll hopefully end up with employees who are happier at work and more likely to give you their best.
4. Healthier Employees
The cost of health care has risen dramatically over the years, but companies that offer health benefits make care more affordable and more likely to be taken advantage of. Most solid plans include preventative care, cancer screenings, and reduced prescription costs, giving your employees accessible care when they need it most.
5. More Productivity
Our productivity at work is closely linked to job satisfaction and health. When our employees feel valued in their job, they tend to care more about the quality of their work and being productive. The same goes for health—a healthy employee is more likely to use fewer sick days and get more done. This increased productivity boosts business and can save your company valuable time and money.
Health benefits are continually becoming critical HR tools for many companies. At TGHR, we provide multiple health care plan options to our employees. Let us take care of your company’s staffing needs, and we take care of providing health care benefits to your temps and temp-to-hire employees, giving you less to worry about—and happier, healthier employees at your place of business. Want to know more? Get in touch today!