According to a report recently released by the Association of British Insurers (ABI), the number of employers who are opting to take out health insurance policies for their employees is increasing steadily as many more bosses now realise the benefits of such moves in the ever more competitive labour market. The best employees are likely to look favourably upon employers who offer benefits such as health insurance and, ultimately, could be the reason why an individual chooses one company over another to work for.

Health Insurance – Perks of the Job

In the increasingly progressive world of the labour market, a company that doesn’t provide its employees with health insurance may appear somewhat archaic as the list of companies providing this perk is rising all the time. It is also important to note that offering employees health insurance is a mutually beneficial manoeuvre on the part of companies and Jonathan French, a spokesman for ABI, states, “Increasingly employers are seeing the benefits of buying health insurance packages for their staff because it's obviously good for the individual if they can recover and get back to work more quickly, and it's also highly beneficial for the employer to get their employee back to work more quickly.”

Health Insurance – A Privacy Matter

Companies that offer private health insurance are increasingly being sought out by the country’s top graduates, so, again it proves mutually beneficial for businesses to offer health insurance as it acts as bait for the best business brains. Jonathan French of ABI points to the impact of businesses offering private health insurance and states, “In an increasingly competitive labour market, employers are using "add-ons" such as private health insurance to recruit the best staff, something which could be of interest to graduates looking for jobs.”

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