Employee expectations have changed
Of course as an employer we know it is our responsibility to look after the health and welfare of our employees. As a base line, this means making sure that your employees are protected from anything that may cause them harm, effectively controlling any injury or health risks that could arise in the workplace.
But in today's workforce, employers are now expected to go over and above having a health and safety policy in place.
Supporting your employees involves more than just mitigating the physical risks to health, with awareness of maintaining our mental health on the increase. Good mental health is more than the absence of a mental health problem. Employers can see the business benefits of ensuring staff feel 'well' at work both physically and mentally.
Our Simplyhealth Health and Wellbeing Benefits Guide 2017 recently found an increase in the number of employers embracing wellbeing strategies. However, an astonishing 56% of employee benefit professionals say they 'don't know' what the top three health and wellbeing priorities are for their employees.
Employee benefits are a good enabler when thinking about implementing a health and wellbeing strategy. The business and employee benefits are clear, but where to start? How do you ensure you get the right fit for your company?
Meet the intermediary!
Intermediaries will have vast experience of working with many different clients and industries which will help them to work with you to provide your company with a comprehensive, relevant benefits package.
An intermediary won't solve your life problems, but it will take a weight off your shoulders!
Let's look at some of the benefits you get working with an intermediary:
- Truly independent advice - we all know that one size does not fit all!
- Buying power - long-term relationships with suppliers means that your intermediary can pass discounts directly on to you
- Negotiation - intermediaries will negotiate on your behalf ensuring you get the best deal. In our research, 31% of employers rate this as the most important service provided by intermediaries
- Expertise - they will complete a market review to help find the best option for your business across the whole benefits landscape, and explain it in a way you understand exactly what you're getting
- Managing the product - giving you more time to concentrate on your day to day tasks
- A complete end-to-end service - taking care of admin, renewals, negotiations, in-house marketing and more
- Saving you time and money - you have a single point of contact for all your employee benefits, reducing your HR costs and time
Using an intermediary who is an expert in the health and wellbeing market can help you ensure you have the best solution in place for your employees. Health and wellbeing employee benefits help to increase employee engagement, workplace morale, staff attendance and more. They also make your employees feel appreciated, helping you maintain a happy, healthy, productive workforce.
Sounds good? Finding an intermediary is easy. You can contact industry bodies/partners like The Reward & Employee Benefits Association (REBA) or have a search online. Speak to your peers and colleagues too, recommendations are always a good place to start. Make that call and start the conversation. Both you and your employees will be glad you did.