Many employers often have one form or another of healthcare coverage for their workers, but it seems that some businesses, both small and large, bypass this option as they feel that costs would be too much. However, business owners that provide their workers with employer group health insurance find that they are able to retain workers and also attract more talented individuals as well.
Workers that stay with their job, no matter if it’s a similar position or if they get promoted will be more of an asset to a company if they stay longer. As obvious as that is, many employers simply look to the bottom line and make sure they are making profits rather than look to their employees’ happiness or sense of security.
Business owners feel that oftentimes having an employer group health insurance plan is something that will not only provide current employees with a sense of safety in case of injury or sickness, it also keeps them loyal and even grateful for their job.
There is also the benefit for employers who have an employer group health insurance plan of bringing in more skillful and talented workers. Any company that provides compensation in both a monetary form and through healthcare is going to be seen as a good place in which one can build a career.
Employer group health insurance benefits can be paid in a variety of ways, but it seems the assets it creates in loyal employees outweigh the added costs that come from healthcare benefits expenses.