Have you ever had to take time off work because of something unexpected? Chances are the people in your workforce have as well, and it might have left you without an employee for a day or two. Depending on the illness, it might have even been longer, and kept your productivity low for a number of weeks. If a core part of your workforce isn't present because of a treatable illness, you'll feel hard done-by.
As many as 50 per cent of 12-year-olds had untreated tooth decay, and 30 per cent of adults still do.
With a suitable corporate health insurance plan, you can keep track of the wellbeing of your employees over time, ensuring they take rest when they need and they don't let health issues escalate. Things like dental problems, for example, affect people of all ages, according to the Australian Institute of Health and Welfare (AIHW). As many as 50 per cent of 12-year-olds had untreated tooth decay, and 30 per cent of adults still do. Over time, this decay can become more serious, requiring surgery that takes a long time to recover from.
To ensure you don't lose employees to easily treatable illnesses and conditions, make sure you have a free consultation with a HICA representative as soon as possible.
How does corporate health insurance help with reducing the effect of unexpected conditions?
The AIHW reports that only 50 per cent of Australians had private dental cover – in the event of a toothache or a necessary dental procedure, your employees may have to pay for the surgery themselves. With the right corporate health cover, however, the business could ensure the employee's condition is treated early to avoid getting worse, because they're under the corporate health insurance plan and dental is a benefit.
This will not only help your employees to get the treatment they need, at the right time, but it will also help with employee satisfaction. When your workforce doesn't have to fully pay for their own dental cover, they'll be saving money. This will make them more satisfied with how they're treated at work, and could result in improved performance at an individual level. What's more, it could end up improving your employee retention over time, because people will be happier at work.
As your reputation grows because of more satisfied employees, you could end up employing the top people in your industry – they'll be more likely to work for you if you provide better benefits than competitors. When it comes to dental cover specifically, having regular check-ups as a part of the wellness program in your corporate health insurance policy allows for issues to be spotted early, and treated before they get out of hand.
If dental issues become worse over time, they can cost a lot more to correct, and take longer to recover from, which takes away from the productivity of your workforce as people need to take more time off. It's in the best interests of your business as well as your employees to get appropriate corporate health insurance.
What other unexpected problems does corporate health insurance help with?
If your workforce is made up of mostly males, there's a distinct possibility that they could be hospitalised more due to injury.
In 2011-12, AIHW reports that 454,031 people were injured severely enough to be admitted to hospital. Of those people, 57 per cent were male. If your workforce is made up of mostly males, there's a distinct possibility that they could be hospitalised more due to injury.
Unexpected injuries are just that – you can't plan for them, but you can invest in making sure people are protected when these events do occur. Give your employees the best chance to recover quickly and find the best treatment with a corporate health insurance plan through HICA. You'll find that it does a lot for your employees, and more for your business.