Do you want your business to one day be rated among the best in the world? It might not be for financial performance or technological innovation, but if you can create one of the greatest company cultures ever, your business would be revered. How can you go about doing that?
Some of the best companies in the world, like Twitter and Blizzard, offer 100 per cent corporate health insurance plans, according to an article from Fortune in March 2015. Google and Facebook are also both in the top 15 companies of the 2016 Workforce 100, which ranks the best companies in the world based on HR performance and employee satisfaction.
With these companies on Australian shores, and other technology giants implementing more corporate benefits to attract the best employees, your business should be doing the same. The team at HICA can help.
Why do Australian businesses need to keep pace with international businesses?
If Australian business owners fail to attract the top talent to work for them locally, the best employees will simply go overseas to find better opportunities, or workplaces that give them what they want in terms of benefits. The benefits of providing corporate health insurance also includes employee retention. When you have people working at the top of their game, playing a big part in the successful operation of your business, you don't want them to be lured away to a competitor who offers better benefits.
Research from Glassdoor, reported in an article in January 2016, shows that 57 per cent of employees surveyed considered the benefits of a job before accepting. Almost three in five people will look at your benefits before signing an employment contract, and if your benefits are not up to standard, you're far less likely to hire the people you want.
Is corporate health insurance a popular benefit?
Health insurance is the most regarded corporate benefit an employee seeks, according to a Fast Company article from February 2016. With 40 per cent of surveyed employees ranking it among their top five benefits, it's clearly something that people want.
Paid leave, paid sick days, a good rewards and recognition scheme and superannuation plans all featured among the top five benefits as well, but none were as sought after as corporate health insurance.
To give your business the edge when hiring and retaining the top talent, and to genuinely compete with the best, most highly regarded businesses in the world in terms of the incentives you offer, consider corporate health insurance. For the most suitable plan for your business needs, call a HICA representative today to set up a free consultation.