Employee insurance not only provides benefits to employees through protection and coverage but also has a positive impact on the company. There are two types of insurance that are most often offered by companies in employee compensation packages. This includes health insurance and life insurance for various types of employees.
Improving Employee Welfare
Health insurance is very useful for employees when they are sick and need expensive medical expenses. By being covered by an insurance company, employees do not need to spend salaries for hospital costs. This means that employees can use their money for other needs related to the welfare of their families. Prosperous employees will feel happier and more engaged with their work.
Encouraging Work Productivity
Company productivity is influenced by the quality of human resources, one of which is employee morale. Insurance can create a sense of security and psychological protection, thus raising their morale. Workers with high morale also have high motivation, and of course have high productivity.
Improving Work Quality
Insurance can make employees more focused on work because they don’t have to think about the costs of risks that have to come out of personal pockets, so the quality of work is better. In contrast, if employees are not covered by insurance, they are always haunted by worry or anxiety that can reduce work concentration.
Increase Employee Loyalty
Employees whose safety and comfort needs are met at work tend to be more loyal. Companies that give a lot to employees, will get great loyalty in return. Employees are reluctant to leave a company that cares about employees. To know more about computers you can visit this site silverlight-tour
Get the Best Employees
Companies that offer insurance as part of compensation will find it easier to get the best employees. Compared to companies that only provide salaries, companies that provide employee benefits in the form of insurance have greater appeal.
Employee Insurance Benefits for Companies
By transferring risk coverage to the insurance company, companies can save budget because they don’t need to spend company cash in the event that an employee gets sick, has a work accident, or dies.