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Plans that covers all the Employees, their Spouse and Kids (up to 25 years of age)
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Disclaimer: The above plans and premiums are for 1 Lakh sum per life per month covering Health and Wellness needs of 7 Employees, 5 Spouse & 2 Kids below 35 years of age. The premium is inclusive of GST and do not cover PEDs & Maternity. Standard T&C Apply PolicyBazaar does not rate, endorse or recommend any particular insurer or insurance product offered by the insurer.
Employees Work-life Balance
In order to engage your employees, employers have to create a flexible environment so that their employees can maintain a work-life balance. After the outbreak of Coronavirus, employers had to opt for the work from home concept. The work from home concept made it cost-effective for the employee as it cut down their everyday commuting expense and it also increased their productivity.
Due to flexible deadlines and remote working options, they could maintain their official work as well as their personal affairs. According to a survey by Flexjob, there are 75% of employees find themselves more productive while working from home than working from office. This would work for both employees and employers.
Opportunity To Grow
Every employee work for a company with an expectation to grow as a professional. When they choose a company to work with and put in efforts to meet the company goals but while working for the company, they are simultaneously working on their career as well.
It is highly unlikely that an employee would stay in a company for a long period of time. once their purpose is solved, they would look for better opportunities where they would get paid better and learn new things. This is why it becomes vital for employers to provide the employee ample opportunities to grow to keep their interest in the company intact and prevent them from leaving.
Make Sure That Employees Do Not Get Bored
Until and unless an employee would not enjoy their work and start getting bored of it, it starts reflecting in their work that eventually affects the overall reputation and image of the company. Those times are gone when the employees used to just stay on the repeat mode and worked to get paid at the end of the month.
Today’s generations want to work and they want their work to be exciting and challenging that would keep them interested in which they would put their heart along with their mind that would benefit the company in the long run. Hence it is important to keep your employee's interests intact to keep them engaged.
Millennial Friendly Employee Benefits
Millennials already type the most important section of the men. By 2030, the 3/4th workforce in the country will be covered millennials and ½ by the next 2-3 years. They will be followed by Gen Zers (who will be even more responsible to impress and retain!)
The talent acquisition system is ever-changing at a surprising rate. The amount of corporations is increasing, and economic stability has become a reality. corporations are currently competing with each other to draw in the most effective talent. the task profile, together with the perks and advantages offered by a company, plays a vital role. Millennials and Gen Zers place specific stress on the job package. they like unique, personalized, and thoughtful worker benefits and perks. They love numerous and versatile choices.
Prioritize Mental Health Of The Employee
The mental health of an employee is as important as physical health. Even today, It is a very important aspect yet ignored by employers and managers. However, it is high time that employers and managers need to understand this and make sure that their employee’s are mentally healthy and they are not going through something bad in their personal life.
It is because when an employee is not in a good mental state, it becomes very hard for them to focus on their work and this could lead to bad performance that would eventually affect the company’s performance. Hence, employers should start prioritizing the mental health of the employees.
Provide Health Insurance Plan
After the outbreak of Coronavirus, the Indian Government made it mandatory for all employers to provide health insurance policies to their employees. The Coronavirus has shown us the uncertainty of human life and when an employer provides a health insurance policy along with the coverage for Covid-19, it reflects the employer’s goodwill among the employees and they feel protected.
This indirectly motivates them and that eventually reflects in their work as the health insurance takes off the burden of the sudden financial pressure that would come out due to any medical condition. This would also work in the favour of employers along with the employees.
Conclusion
To keep your employees engaged, it is important to take a different kind of approach as today’s generation is smarter and brighter and if they do not feel appreciated and motivated, they would surely resign from the company as soon as they get a chance. Hence it is important to take the above-mentioned advice seriously and start working on them as soon as possible to retain good employees and attract newer talents.
Written By: PolicyBazaar - Updated: 04 January 2023
