As an MSME or startup owner, we are sure you have set goals for yourself this year. From expanding in new geographies to growing profits, you might have a list of priorities you want to achieve. To do that, you will need employees who are hardworking and productive. If you want that, you’ll need to put employee healthcare high on that list of priorities.
Employee healthcare is a very important aspect for all businesses to consider. Whether you have five employees or 50, you’ll need to ensure that they are all healthy, fit, happy and engaged. Especially in a post-COVID world, employee healthcare needs to be high on your list of priorities. If it is, you will see many benefits beyond just increased productivity.
Now, you might be thinking – how do I put employee healthcare first? That’s what this blog is about. We want to give you a few simple tips that everyone can follow, no matter what industry you are in and how many employees you have. We also want to tell you about the many benefits you can get, just by providing employee healthcare benefits.
Effects of Poor Employee Healthcare
The first and most direct impact of poor employee healthcare is productivity. If employees are unwell, they are less likely to give their best to their job. There are two ways this works – either an employee takes more sick leaves, or doesn’t and comes to office, but is unable to perform their duties.
Either way, as an employer you suffer. A study published in the US National Library of Medicine estimated that Indian employers lose an average of 16.4 days per employee per year to poor health. That’s concerning, especially if you are a company with 10 or more employees. Putting employee healthcare first can help reduce that, so you get the most out of your team.
Damages Company’s Reputation
In the internet age, it is easy for a bad reputation to spread. Businesses who don’t put their employees first will quickly see their reputation damaged. While that can be for a variety of reasons, none is as important as employee healthcare. If employees are burnt out or under too much pressure, they will let others know.
As an employer, you need to provide a caring and healthy work environment for your team. Put employee healthcare first by offering flexible work policies, employee healthcare benefits and more paid time off. You will be rewarded with happy employees and great reviews. That way, you can attract the best talent easily!
Bad Company Culture
Employees who are burnt out, exhausted or just unwell tend to have a negative influence on the team. If they are coming to work because they have to, and not because they enjoy it, you will notice. Such employees tend to have a shorter temper, miss deadlines, blame others and ignore information.
All this together creates a negative and company culture of mistrust. Employees won’t know who to trust and therefor won’t get on well with each other.
The amount you earn will depend directly on employee healthcare. If employees are healthy and happy, they are likely to do their best, helping increase profitability without significant investment. If not, you’ll have to spend more money on hiring more employees to do the job. That’s because poor employee healthcare can lead to high turnover, which is very dangerous for MSMEs and startups.
So rather than spending money on achieving your goals, you will find yourself spending large sums to recruit and retain employees. You also lose valuable time, which can further damage your profitability.
Harms Long Term Growth
As an MSME or startup, you need to look at long term growth. Businesses like Reliance, Tata and HDFC weren’t built with short-term goals. Their ability to plan and build for decades has made them the massive empires they are today. Your employees are key to that.
If you want to grow in the long term, you need a group of committed, caring and enthusiastic employees. That core group needs to be with you for years, not months. With the right employee benefits, you can do just that.
How to Put Employee Healthcare First
Now that you know this, the next step is to put employee healthcare first. Here’s a guide we wrote on getting your employees involved in your business health plans. Follow that, and you should be able to easily put employee healthcare first. No matter how big or small your company, affordable employee healthcare benefits are the key to healthy and happy employees. Now, thanks to Onsurity, even MSMEs and startups can do so!
Onsurity’s employee healthcare plans are economical and flexible, making them the perfect choice for all businesses. With Onsurity, you can offer healthcare benefits like doctor teleconsultations, discounted health check-ups and medicine delivery, fitness tracking and more. Our wellness membership plans are designed to put employee healthcare first, so that you can achieve the best results possible.
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