In a small business health benefits survey*, a majority of small business owners reported several positive effects of offering health insurance for their employees:
- 78 % said it increased loyalty and decreased turnover.
- 75 % said it helped employee recruitment.
- 64 % said it increased productivity by keeping employees healthy.
- 62 % said that employees demanded or expected health insurance.
- 58 % said it reduced absenteeism by keeping employees healthy.
*Source: Blue Cross and Blue Shield Association Analysis of 2002 Small Employer Health Benefits Survey, sponsored by the Blue Cross and Blue Shield Association (BCBSA), the Employee Benefit Research Institute (EBRI), and the Consumer Health Education Council (CHEC).
“Give employees the benefits they value, and they’ll be more satisfied, miss fewer workdays, be less likely to quit, and have higher commitment to meeting the company’s goals,” says Joe Lineberry, a senior vice president at Aon Consulting, a human resources consulting firm. “The research shows that when employees feel their benefits needs are satisfied, they’re more productive.”