A health cash plan is your simple, cost-effective solution to attract and retain top talent, showing your commitment to employee wellbeing and engagement.
In the fast-paced world of business, we know how tough it is for people managers like you, to not just attract but also keep hold of the best talent. It can be a bit of a juggling act. Trying to find employee benefits that provide real value without draining your resources can be a challenge too. But a health cash plan might be just what your workplace needs.
A health cash plan is more than just a benefit—it's a commitment to the diverse health and wellbeing needs of your employees. When you show your people that their wellbeing matters to you, you're doing more than just looking after their health. You're fostering a sense of engagement and loyalty that goes beyond the everyday work environment.
The role of employee engagement in business success
Employee engagement is not merely a buzzword, but a crucial factor contributing to the overall health and success of a business. Engaged employees are more likely to bring passion, dedication, and innovation to their roles, which helps organisations work better. It’s also recognised that a strong correlation exists between employee wellbeing and engagement. Employees in good health, both physically and mentally, are more contented, less stressed, and more engaged with their work.
At Health Shield, we go the extra mile for our clients. We provide a wealth of resources to help you engage with your employees, promote wellbeing issues, and offer expert advice from our in-house wellbeing team. Plus, we equip you with all the resources and collateral you need to highlight the advantages of the cash plan to your team, ensuring they make the most of their benefits. All of this is delivered with a focus on convenience and user-needs - because we believe in making health and wellbeing resources as accessible as possible.
Attracting talent with a Health Cash Plan
The promise of a Health Shield Cash Plan can make your company stand out to prospective employees, presenting you as a supportive, forward-thinking employer who genuinely cares about their wellbeing. According to a survey conducted by the CIPD, nearly 35% of businesses have improved their staff benefit package as a way to improve recruitment and retention[1].
There’s also research by EBRI, that states how employee benefits are significant in an employee’s decision to accept or reject a job, with 78% of employees agreeing it’s very important to their decision[2]. With a Health Shield Cash Plan in place, you're not just offering a job, but a healthier, stress-free lifestyle that resonates with top talent in the market. This proactive approach to employee wellness is a testament to your commitment to your employees' health and future, potentially making you an employer of choice.
Retaining talent with a Health Cash Plan
Investing in your employees' wellbeing with a health cash plan can significantly boost their loyalty to your company, reducing staff turnover and fostering a stable, dedicated workforce. A health cash plan acts as a tangible symbol of your commitment to your employees, fostering a sense of being valued and cared for, which is critical in nurturing their loyalty.
Research supports this assertion with a study by the Institute for Employment Studies that found the implementation of wellbeing programs has a positive impact on employee engagement and retention[3]. The same study also found that employees who perceive their organisations as having a strong wellbeing culture are not only more likely to be highly engaged but are also more likely to recommend their company as a good place to work.
Effective communication of Health Cash Plan benefits
To get the most out of a health cash plan as a business, it's essential that HR professionals effectively communicate the benefits to employees. Here are a few tips to ensure your communication is efficient and impactful:
- Simplicity is key: Use clear, jargon-free language to ensure understanding across all levels of the company.
- Highlight the benefits: Reinforce the direct benefits to the employee such as the financial security, peace of mind, and the comprehensive health coverage the plan offers.
- Use multiple communication channels: Regular emails, company intranet posts, group meetings, or one-on-one sessions can all be effective in spreading the message.
- Provide clear Instructions: Offer straightforward guidance on how to use the mobile app for claims and support.
- Share success stories: Sharing testimonials and success stories of employees who have benefited from the plan can be a great motivator for others to take advantage of it.
Remember, the goal is to ensure your employees understand the value of the Health Shield cash plan and feel supported in their health and wellbeing journey. Effective communication is key to ensuring your employees fully appreciate this valuable benefit.
So, a health cash plan from Health Shield is more than just an addition to a wellbeing strategy—it's a caring approach to attracting, retaining, and engaging top talent for your business. It demonstrates you’re an employer who genuinely cares and understands the importance of overall wellbeing for your employees.
When we help you effectively communicate the benefits of the plan, your employees can truly appreciate how valuable their cash plan benefits are. This supports team morale, trust, and productivity. As an HR professional, when you choose to incorporate our health cash plan into your employee benefits package, you're not just making a decision for now—you're investing in the future of your company.
Get in touch
Here at Health Shield, we're deeply committed to providing a supportive and user-focused service, making the implementation process as simple and convenient as possible. Our reliable and transparent approach ensures that your employees have access to health and wellbeing resources that genuinely contribute to their financial wellbeing. If you'd like to explore how we can support your team further, we’re always happy for a chat, so get in touch.
[2]Employee Benefits: https://employeebenefits.co.uk/statistics-show-the-importance-of-employee-benefits/
[3]Institute for Employment Studies: https://www.employment-studies.co.uk/system/files/resources/files/516-IES-Perspectives-on-HR-2018_0.pdf#page=29
This is a financial promotion.
Health Shield Friendly Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
