Why You Need Small Business Health Insurance for Employees

Do you really need small business health insurance for employees? If you are still asking yourself this question, then you are most probably unaware of the current state of the economy vis-à-vis the health care system, and how they should complement each other to ensure better results for your business, no matter how small it is.

The hesitation is understandable. Healthcare is almost unaffordable and small businesses and self-employed alike barely profits enough to afford getting their employees health insurance. Seemingly therefore, it is unwise to get a chunk from your annual average income while jeopardizing the stability of your business undertaking.

However, all these fears and hesitations are actually fallacies. There are more benefits you can get from having your employees insured than just allowing them to work unsecured. So, do you really need small business health insurance for employees? The answer is a resounding Yes! There are actually many reasons that would support this conclusion but this article will provide you with two string ones.

Why You Need Small Business Health Insurance for Employees

Retention of good employees

Nowadays, getting and retaining efficient employees is as difficult as getting and retaining customers. Employees with good qualities are in hot demand as almost all businesses, especially the big ones, are more than willing to pay more in terms of salary to get better personnel. They see this as a way of improving their reputation in the market, to the end of inviting more customers.

"The competition to hire the best will increase in the years ahead. Companies that give extra flexibility to their employees will have the edge in this area." - Bill Gate

Being a small business owner, you are stand on a very vulnerable ground. Since you cannot compete with the salary scale of big companies, you will most likely end up with unskilled, less better employees. This has adverse effects on your business that you would want to avoid.

By getting your employees health care insurance, you are actually giving them an incentive to stay with you despite the relatively lower salary. Furthermore, studies show that getting your employees health insurances, you are actually spending less than if you would increase their salaries.

Increase in productivity

People respond to incentives, and they respond positively. By getting your employees health care insurance, you are actually giving them the idea that you as their boss really think of their welfare. This will make them feel valued and respected in one way or another.

The feeling of being valued as an employee has positive effects on how your employee treats your business. They will show care to your company as much as they are also taken cared of by you. They will start to work harder and more efficiently, which will of course benefit your business in the long run. If what they are saying that your business is only as strong as the people who are working for you is true, then you are assured that you have a really strong and competitive business right there. You need not worry about staff disloyalty and incompetence.

Now, if you're still asking if "do you really need small business health insurance for employees", we hope that you are answering in the affirmative.

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