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Employee satisfaction is not solely about the paycheck anymore. In today's competitive job market, top-notch talent seeks more than just a salary. They are looking for a holistic work experience that encompasses not only financial rewards but also a range of valuable perks and benefits. Among these perks, group health insurance stands tall, but it's not the only perk that can significantly enhance employee satisfaction.
Affordable prices
Dedicated claims manager
All round wellness benefits
Let's explore the 15 best employee perks that contribute to a contented and motivated workforce, with a special focus on the benefits that come with a group health insurance plan.
Critical Job Factor
According to a report by Society for Human Resource Management (SHRM), 60% of employees consider health insurance essential when choosing a job.
Boost Productivity
According to World Health organisation (WHO), poor health can cause a 20-25% drop in productivity.
Tax Benefits
Employer-paid health insurance premiums are tax-deductible under Section 80D .Not offering this can mean missing out on tax savings.
Regulatory Compliance
The Indian government has introduced regulations like Social Security Code, 2020 the which mandates health insurance for certain sectors. Non-compliance can lead to penalties.
Ensure you're covering all bases with group health insurance to attract top talent, improve productivity, and stay compliant!
Conclusion
These employee perks, along with the valuable inclusion of group health insurance, create a positive work environment where employees feel valued and motivated. By offering a comprehensive package of perks, you not only attract top talent but also retain your valuable workforce, fostering a culture of employee satisfaction and success.
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Minimum lives should be 7
Include maternity coverage
Wellness At Work
Benefits of group health insurance