Professional Services > The importance of your business’s employee benefits

The importance of your business’s employee benefits

Prioritising employees’ wellbeing has never been more important in a challenging healthcare landscape. In 2021, there was a recorded 10 million employees in the UK without physical, mental, or financial health support at work.

Providing employer support not only has a positive effect on employee wellbeing, but consequently generates an increased workflow output. Studies show that addressing workplace wellbeing increases productivity by as much as 12%, demonstrating an effective improvement on business.

Due to this, as an employer, providing a comprehensive employee benefits package has never been so important in retaining and attracting staff to your business. This is shown in a study where eight in ten employees confirmed that the benefits they receive makes them loyal to their company.

Adapting to the challenges employers face, BHIB offers a comprehensive offer of employee benefits for your business. The market has changed, and many benefits now offer access to a wealth of added covers that employees can utilise regularly and not just when those worst-case scenarios arise. Specialist brokers at BHIB can support your business in arranging a bespoke offer, to support you in being an employer of choice.

Health and wellbeing benefits

Private Medical Insurance: This continues to be one of the most valued benefits for employees. The cover pays for employees to undertake medical treatment privately, with a vast array of options that can be included (or excluded) to fit the business’s requirements and budget. From a business perspective, offering this cover can mean that an employee is able to return to work more quickly following illness or injury due to having prompt access to treatment.

Health Cash Plans: this is generally a low-cost benefit, starting from as little as £1 per week, per person. Offering cash back for everyday health expenses including dentist and optician fees (including financial support towards glasses and contact lenses), physiotherapy, private consultations with a specialist, health screening and lots more. Often these plans provide access to additional benefits such as a digital GP service.

Group Dental Insurance: there is a wide range of cover levels providing reimbursement for dental treatment undertaken in the dentist’s chair and as cover for oral cancer.  Unlike private medical insurance, they generally have annual limits applied to specific treatments, such as check-ups, x-rays, tests and procedures.

Contact BHIB Insurance Brokers on 01604 630003, email enquiries@bhibinsurance.co.uk or visit the website
www.bhibinsurance.co.uk