How corporate private health insurance benefits both your business and employees
In today’s fast-paced world, employee wellbeing has become a key factor in attracting and retaining top talent.
As a business owner, you already understand the importance of keeping your team healthy and motivated. But did you know that offering corporate private medical insurance (PMI) could be the competitive advantage you’ve been looking for?
Here’s why corporate PMI should be a cornerstone of your employee benefits package—and how it can directly contribute to the success of your business.
What is corporate private medical insurance (PMI)?
2.8 million people in the UK are currently off work due to long-term sickness - what can you do as an employer?
Corporate PMI provides your employees with access to private healthcare services, bypassing long NHS waiting lists.
This ensures they receive fast, quality treatment when they need it most. From quick consultations to speedy diagnoses and treatments, this policy is designed to help your employees get back on their feet—and back to work—faster.
Why offer corporate PMI?
Offering corporate PMI as part of your employee benefits package can have far-reaching advantages for both your business and your team. Here are some key reasons why this employee benefit matters:
1. Improve employee retention and loyalty
It’s no secret that top talent expects top benefits. By offering corporate PMI, you show your employees that their health and wellbeing are your number one priority. This builds trust, fosters loyalty, and ultimately helps reduce staff turnover. In today's competitive job market, this policy can set you apart from other employers, giving you an edge in attracting and keeping the best workers.
2. Reduce sick days
When employees face long waiting times for medical treatment, their absence can have a significant impact on your business. This policy ensures they have access to faster treatment options, helping them recover and return to work sooner. The result? By minimising sick days and increasing productivity, your company can maintain its momentum and continue to thrive without unnecessary disruptions.
3. Boost employee satisfaction
Employees want benefits that genuinely improve their lives. Offering PMI not only provides peace of mind but also enhances their overall lifestyle by giving them access to better healthcare options. When your team feels valued and supported, it leads to increased job satisfaction and in turn, a happier, more motivated team.
4. Enhance employee security
We all worry about our health but it could be a huge source of stress for your employees. Corporate PMI offers them the reassurance that they’ll receive the care they need when they need it, without the long waits or uncertainty. This sense of security leads to a more focused, confident, and engaged workforce which is something every business can benefit from.
How corporate PMI impacts your business
Offering this policy doesn’t just benefit your employees; it can also positively impact your business’s bottom line. Healthier, happier employees tend to be more productive, motivated, and loyal, all factors that directly contribute to your success.
Investing in your employees’ wellbeing isn’t just the right thing to do, it’s a smart business move. With corporate PMI, you’re not just offering an employee perk; you’re creating a healthier, more productive workplace.
