Of the many perks that an employer can offer an employee, health care is still the most important benefit. According to a survey by the Society for Human Resource Management, 30% of human resources professionals stated that health care was the primary strategic focus of their employee benefits package.
Among human resources professionals, nearly one-third stated that health care was their primary focus, according to a survey released by the Society for Human Resource Management.
In a 5-category survey: wellness initiatives, flexible work arrangements, health care, leveraging benefits to retain and recruit employees, and assessment and communication of benefits. The survey found that health care impacted employee retention most. Companies have become creative in their efforts to tailor benefits so that they not only meet the needs of employees, but also the economic direction of the company.
With overall healthcare cost on the rise, and the question of Obamacare, how can businesses position themselves to be competitive to an employee and reduce healthcare cost?
Some ways may include:
- Finding a benefits package that is tailored for your specific industry
- Shift to plans with higher deductible and HSAs
- Encourage health and wellness programs & education
Whether some of these ways suit your business or not, the underlying theme is that in order to attract and retain the best and the brightest, healthcare must be among your offerings.