The strengthening economy means that the global competition for talent is fiercer than ever, and HR executives are looking for ways to not just attract the best job applicants, but also to retain their current workforce.

A superior set of employee benefits can sway potential employees away from other companies and towards your own. Moreover, staff who benefit from perks that make their life easier are more likely to stay in their job.

Employee benefits have been proven to have an impact on performance, productivity, staff retention and undoubtedly make a significant difference to employer-employee relations.

To keep up with developing attitudes to work; these packages need to offer more than just fulfilling basic needs such as holiday entitlement, pension plans and expense allowances. The best employee packages include a mix of benefits that cater for different interests and values. This means HR execs need to think about both monetary reward and how they can boost their staff’s morale.

Growing duty of care obligations for employers with a globally mobile workforce is reflected in new laws on insurance requirements in other countries say corporate health insurance brokers Medibroker International. The Dubai Health Authority Legislation is implementing changes that create an employer responsibility when it comes to employee health insurance, with fines for non-compliance.

Why do employees leave?

Managing staff absences is a challenge for most bosses, but doing so successfully is a key factor in keeping your talent happy. If people feel they can’t take a day off due to illness for fear of consequences, the company is going to suffer from ‘presenteeism’.

Staff who know they can take time to recuperate without risking their job have a better attitude to work. If your company’s culture takes a negative stance on sick days, staff are likely to develop worse medical conditions which means they will need more time off in the future. What you should be focusing on is ensuring employees understand that you care about their wellbeing so that they rest when they need to and make a full return to health. Frowning upon employee absence is likely to make staff stressed and feel less valued.

One of the main reasons people cite for leaving jobs is not feeling valued by the company.

How to create a happy workforce

Values have shifted as people increasingly seek employee benefits promoting flexibility rather than a high salary. In today’s highly aware professional landscape, people are more interested in work/life balance, wellbeing and work environment than being paid high salaries and having no time to enjoy their earnings.

When dealing with staff illness, bosses should aim to keep in contact with sick employees to show they care but avoid too much contact, which could make the employee feel pressured to return to work.

People are more focused on their health than ever before, so a comprehensive health plan can function as a vital aspect of your employee benefits plan, as we explained to industry website The HR Director https://www.thehrdirector.com/features/health-and-wellbeing/ipmi-is-the-most-sought-after-employee-benefit/

Health insurance is integral to an attractive employee benefits package.

Will you provide staff with comprehensive cover to ensure they feel secure, or will a basic plan be enough? Keep in mind that with a basic health plan, your staff may need to purchase additional coverage and add-ons to suit their own requirements. This may make the initial promise of health cover a disappointment when they need their plan to perform, so companies should think about offering more extensive cover.

What most companies don’t consider is offering health insurance to their employees’ dependents. This is actually a very practical ways of showing staff you care about their families.

Medibroker International specialise in helping corporations secure the most appropriate medical insurance plan for their staff.