Health insurance is a highly regarded and essential entity that is greatly valued by workers. The provision of health insurance covers in companies is a strong incentive, one that is good enough to attract workers while providing the company with the necessary competitive advantage in the market. Whereas it is not entirely encased in the law that workers should secure health insurance covers, some companies have taken it upon themselves to provide health insurance for their workers for basic medical conditions and workplace injuries that workers can face in the workplace. Health insurance covers for workers are highly necessary and can pose significant advantages for the company concerned.
Insured Employees Are Happier
One of the reasons as to why companies should seek to secure health insurance covers for their workers is the fact that insured workers are generally happier and thus motivated to perform their duties more diligently. According to researchers, employees who are offered health insurance covers are, by far, more satisfied with their job obligations and they turn out to be more productive. Such levels of productivity are of significant benefit to the company as it will experience greater profits.
Companies which offer employees health insurance benefits are also liable to receive tax deductions for the contributions that you make towards their employees’ health insurance covers. In addition to this, the employer payroll taxes, according to some regulations, are normally reduced by up to 7% for each employee contributions made upon their health insurance covers. …Read more