Published: 16 May 2023
Invest in your Employees Workplace Health Insurance
People are integral to the success of any business, especially at this time when talent shortage is impacting many New Zealand businesses.
So, in today’s competitive labour market, how can employers stand out from competitors to attract new talent and enhance employee retention? Offering group health insurance plans can play a significant role in people’s career choices and help reduce unwanted and costly employee turnover.
If your business is looking to strengthen employee retention and talent management, Rothbury Employee Benefits is here to help.
67% of all New Zealand workers indicated they are open to new job opportunities, according to the 2022 Randstad New Zealand Workmonitor report*. 20% of older Millennials are actively looking for a new job, followed by 19% of younger Millennials and Gen Z.
It is therefore no surprise that employee retention is a top priority for many New Zealand businesses. Recruitment and on-boarding new employees, accompanied by lost productivity can be costly and disruptive in the workplace.
One of the best benefits employers can offer is a group health insurance plan for employees.
A major health issue can take its toll financially for employees and providing health insurance can provide a measure of comfort and help ease that financial burden.
Your employees can benefit from access to specialist consultations and surgical treatment and receive treatment faster. They can focus on their recovery, without the inconvenience and stress of long waiting lists or covering the costs of treatment themselves. Pre-existing health conditions can often be covered along with direct family members.
- Higher employee retention
- Lower employee turnover rates
- Strengthened recruitment to attract the right talent to your business
- Boosted morale as employees feel appreciated and rewarded
- Lower staff absences and engaged presence when they attend work
- Increased employee productivity
In addition to health insurance, an employee benefit plans can include income protection, life and trauma insurance cover and will be customised to meet the business needs.
If your business is looking to strengthen employee retention and talent management, Rothbury Employee Benefits is here to help.
Our Financial Advisers give advice on behalf of and are engaged directly by Wealthpoint which holds a financial advice provider licence. For more information, visit https://wealthpoint.co.nz/wealthpoint-disclosure
*2022 Randstad New Zealand Workmonitor report: https://www.randstad.co.nz/workforce-insights/workmonitor/