Why health and wellbeing benefits give employees a boost

Source: https://reba.global/content/why-you-should-implement-health-and-wellbeing-benefits

Not only do health and wellbeing schemes have a positive impact on your employee’s productivity, but they can also have multiple positive effects on your entire workplace.

Putting health and wellbeing benefits in place, such as employee assistance programmes, educational resources, private health insurance and many more, can help your employees feel looked after and valued, with solutions that are cost-effective and often little hassle to implement.

How can introducing these schemes create a positive environment in your workplace, and why should you consider using them for your employees?

1. It can help you save money in the workplace

Health and wellbeing benefits can help you as an employer to save money. This can be through reduced expenditure on recruitment, thanks to an improved level of staff retention, or through reduced time employees spend off work, thanks to health benefits such as private medical insurance. Employee benefits can also help you to make savings on National Insurance.

2. It can help your employees save money

As well as helping you save money, many health and wellbeing benefits can work through salary sacrifice schemes. These can often be more cost-effective for employees than sourcing products or programmes elsewhere, and help employees to save on National Insurance. Through health and wellbeing benefits, employees can often receive discounts on gym memberships or fitness equipment.

3. It can potentially help you to reduce preventable absence

Extended periods of absence can often be unpredictable. It’s important for employers to take a proactive approach to the health and wellbeing of employees by implementing benefits that can help them return to work at their fit and healthy best, and to reduce preventable lengths of absence. Health benefits like health cash plans and private medical insurance can help to do this by reducing wait times and aiding recovery.

4. A health and wellbeing strategy can help to boost staff retention and recruitment

Your benefits strategy is likely to be all-important to many of those applying for roles, and is likely to continue to be important to those already working at your company. By implementing an employee benefits strategy that focuses on the health and wellbeing of your employees, your workplace will be more desirable for the talent you wish to retain and recruit, making it a no-brainer for those looking to reduce staff turnover.

This article was provided by Busy Bees Benefits.