Why offer subsidised health insurance to your employees?

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Increase your bottom Line

• Reduce Absenteeism in your business. Insured employees averaged 14 days off work vs 71 days for the uninsured.
• Staff in poor health take up to nine times more sick leave than healthy staff.
• Your employees who are in poor health work approximately 49 effective hours per month vs 149 hours for healthy staff.

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Manage your employees Health

• Shorter waiting times between GP referral and hospitalisation insured average wait is 5 weeks vs un-insured average is 16 weeks. This means a quicker return to work.
• Performance at work while waiting for treatment an insured employee 75% vs uninsured employee 52%
• You can manage when your employees have health treatment such as elective surgery at a convenient time, which helps to minimise disruption and down time at work.

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What you are doing to retain your staff?

• 65% of employees indicate that they are more likely to remain with their employer as a result of a subsided Health Insurance.
• Health insurance is one of the two most popular remuneration package benefits in New Zealand.

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Did you know....?

• For as little of 1% of your payroll (approx $10 per week per staff member) you could be providing your employees with a subsidised heath plan. This is a good alternative when considering salary increases.

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