Employees’ benefits are additional business cost or expenses, my clients would almost instantaneously complain whenever I bring up the issue of adding benefits as employees’ motivational reinforcements. I cannot blame them. In an accounting perspective, they are expenses on the financial statement, but on the business operations side they are actually investments. How? They boost employees’ morale which results to increased creativity, productivity, and sales conversions. Employees whose basic needs are met are more likely motivated to work hard and efficiently, because they worry less or not at all.
A health insurance coverage is a cost-effective benefit that can be given to your employees. You can easily find a suitable insurance from a reliable insurance portal on the net. Review and compare insurance rates, premiums, face values, benefits and other amenities. Your HR personnel can easily do this for you. Get an insurance that offers the maximum benefits that will be appreciated by your employees. You might as well consult them.
A health insurance coverage is a cost-effective benefit that can be given to your employees. You can easily find a suitable insurance from a reliable insurance portal on the net. Review and compare insurance rates, premiums, face values, benefits and other amenities. Your HR personnel can easily do this for you. Get an insurance that offers the maximum benefits that will be appreciated by your employees. You might as well consult them.
There are at least two approaches to make this employees' benefit a lesser burden to your small business. One, is encourage your employees to get an insurance with your endorsement. You can negotiate for a cheaper premium if you negotiate for a group or go for a group insurance enrollment. Two, offer a sharing scheme for the premiums. 50/5-or 70/30 –or whatever ratio that is economically feasible for you and your employees. Again, do not view health insurance as an added cost, take this as an investment –your business will do well.
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About the Author
Nor Franco is the Managing Director and Virtual CEO of nextManager.net. He's a former corporate executive whose passion is bringing out the full potential of HR in Businesses. This time that passion is pursued through Virtual Management. He writes and blogs about his management views and insights here. Follow him on Twitter.
