significant boon for small businesses; numerous benefits can attract talent, encourage the retention of existing personnel, and ensure employees lead healthier lives. In this article, we will look into how group health insurance works, exploring benefits they offer to small businesses.
What is Group Health Insurance?
3. Employee Retention-Insurance can boost employee job satisfaction and loyalty. If they really believe that their employers truly care about their wellbeing, they are more likely to stay with the business. This leads to low cost of turnover, that in itself is a tremendous cost for small businesses
2. Attraction of Talent: Providing health insurance can make a small business more attractive to potential employees. Many job seekers choose a company based on the consideration of health benefits. Having a group health plan gives small businesses a competitive advantage in attraction of skilled workers.