Private health insurance is the number one insurance benefit employees want. Given the race for talent and working days lost through illness, this could give your business a real USP if you were to offer private healthcare to your senior (or wider) team.
Private medical insurance is a popular benefit, offering employees access to private medical treatment and helping employers to reduce sickness absence.
It should help attract and retain the talent your business needs, and is a relatively untapped USP for recruiting key people (and we know how expensive and difficult that can be!)
There are 2 advantages of providing private health insurance.
- Perceived benefit
It is a relatively cost effective way to add to an employees salary package, giving a high perceived benefit for not a huge cost.
- Actual benefit
As amazing as the NHS is (especially in medical emergencies), 1 in 10 people waiting for NHS hospital treatment have to wait for more than 18 weeks. If you had a key employee signed off work with a debilitating illness, can you afford them to be missing for more than four months?