Best Employee Perks for Employee Satisfaction

Employee satisfaction is not solely about the paycheck anymore. In today's competitive job market, top-notch talent seeks more than just a salary. They are looking for a holistic work experience that encompasses not only financial rewards but also a range of valuable perks and benefits. Among these perks, group health insurance stands tall, but it's not the only perk that can significantly enhance employee satisfaction.

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Wellness At Work

Benefits of group health insurance

Let's explore the 15 best employee perks that contribute to a contented and motivated workforce, with a special focus on the benefits that come with a group health insurance plan.

  • Group Health Insurance: Starting with the cornerstone, a group health insurance plan also known as employer-employee insurance ensures employees have access to essential healthcare services and coverage for medical expenses, promoting their physical well-being.
  • Professional Development Opportunities: Supporting skill growth through workshops, courses, and conferences empowers employees to advance in their careers, boosting job satisfaction.
  • Mental Health Resources: Employee assistance programs and mental health support demonstrate a commitment to their well-being, addressing the importance of mental health.
  • Financial Wellness Programs: Helping employees with financial planning, budgeting, and retirement savings can reduce financial stress and improve their overall satisfaction.
  • Employee Recognition Programs: Acknowledging and rewarding achievements boosts morale, motivation, and job satisfaction.
  • Wellness Initiatives: Health challenges, meditation sessions, or on-site wellness activities promote a healthy lifestyle among employees.
  • Workplace Socializing: Building relationships at work is essential. Encourage your team to socialize outside the office, which can be achieved through office parties. These gatherings help new team members feel welcome and offer stress relief for everyone.

Key reasons to prioritize Group Health Insurance
  • Critical Job Factor

    According to a report by Society for Human Resource Management (SHRM), 60% of employees consider health insurance essential when choosing a job.

  • Boost Productivity

    According to World Health organisation (WHO), poor health can cause a 20-25% drop in productivity.

  • Tax Benefits

    Employer-paid health insurance premiums are tax-deductible under Section 80D .Not offering this can mean missing out on tax savings.

  • Regulatory Compliance

    The Indian government has introduced regulations like Social Security Code, 2020 the which mandates health insurance for certain sectors. Non-compliance can lead to penalties.

Ensure you're covering all bases with group health insurance to attract top talent, improve productivity, and stay compliant!

Conclusion

These employee perks, along with the valuable inclusion of group health insurance, create a positive work environment where employees feel valued and motivated. By offering a comprehensive package of perks, you not only attract top talent but also retain your valuable workforce, fostering a culture of employee satisfaction and success.

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Wellness At Work

Benefits of group health insurance

Disclaimer: Above mentioned insurers are arranged in alphabetical order. Policybazaar.com does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.
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Policybazaar for Business - Group Health Insurance - Customer Reviews
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4.4/5
Based on 189 reviews
4.4
out of 5
Based on 189 reviews
38 users
136 users
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3.8 April 09, 2023
Mansi
Excellent Support
It was easy to buy insurance from PolicyBazaar website and customer support was also amazing to clear all the doubts.Thankyou. Highly worth it.
Dehradun
4.3 April 01, 2023
Mahesh
Necessary Investment
It is a good and necessary investment. Thanks PB.
Lucknow
4.3 March 24, 2023
Surya
Provides Satisfactory Results
I purchased Group health insurance at policybazaar recently and i am so much satisfied with the plan. The application process was smooth and efficient, making the typically tedious task of getting insurance surprisingly hassle-free.Thanks PB.
Bareilly
3.8 March 16, 2023
Naveen
Helpful In Making Decisions
When it came to selcting the right Group Health Insurance, Policybazaar offered an impressive range of options from reputable insurers. I appreciated the comprehensive details avalable for each policy which helped me to take the better decisions. Thankyou.
Delhi
4.3 March 15, 2023
Rajesh
Increases Clients Expectations
I recently had the pleasure of securing a Group Health Insurance policy throug PolicyBazaar and I must say the Entire process exceeded my expectations! From start to finish, their service werw great. Thankyou.
Delhi
3.8 March 02, 2023
Ravi
Great Experience
I got great deals on PolicyBazaar website. Highly recommend.
Pune
4.3 February 17, 2023
Diljeet
Excellent Purchase
It was a excellent purchase at PolicyBazaaar. Thankyou team.
Coimbatore
4.3 February 04, 2023
Satya
Prompt Services
Policybazaar's efficient claims process was impressive. In case of any medical emergencies, my employees were able to get their claims settled swiftly, allowing them to focus on their health and recovery without worrying about financial aspects.Thankyou
Chennai
4.3 January 22, 2023
Abhishek
Budget Friendly Purchase
Thankyou PolicyBazaar for providing such a great plan at affordable premium rates. It was a budget-freindly purchase.
Delhi
4.3 January 09, 2023
Abhash
Multiple Range Of Benefits
I purchased Group health Insurance which offered me plans with affordable rates Thankyou PB.
Pune