How do you treat your employees? What are programs and benefits that you offer to attract and retain your top talent? 

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There’s a competitive job market in the Philippines, and keeping employees has become challenging. One of the non-negotiables that employees look for in a company is good medical insurance coverage. It shows a company’s commitment to the employees’ well-being and makes them  feel valued  and appreciated. 

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This blog will discuss the importance of a valuable investment for every company in the Philippines–because frankly, anything to do with healthcare and medical is not only just an added bonus anymore, but a necessity.

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The top 5 reasons you should offer healthcare benefits to your employees in the Philippines:

1. Attract top-tier candidates.
2. Retain the top-tier talent.
3. Improve your employees’ productivity.
4. Give them and yourself the peace of mind.
5. Give the company a competitive edge.

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How can you get started?

1. The first step in getting started is to assess your workforce’s needs. Whether you are a big company or small , say belonging to MSMEs .

2. Create surveys and programs that can help gather data and statistics on prevalent health conditions within your company and your industry. 

3. The next would be to set your budget so you can better narrow down your options without having to sacrifice all the other important parts of the company.

4. The third step would be to research your options. Many companies in the Philippines seek the help of insurance brokerages when it comes to looking for the optimal healthcare benefits and medical insurance coverage to offer their employees. This is because, unlike going straight to an insurance company, the insurance brokerages in the Philippines approach the suitable companies for you, find the right policies for your company, and ensure that your employees receive the best possible coverage out of your resources.

An expert from an insurance brokerage is the best person to reach out to because they will know how to tailor the medical insurance/HMO plans to your company’s budget, and more importantly, the needs of your employees. These medical insurance/HMO plans can cover hospitalization, outpatient, dental care, and more. 

Once you’ve finalized and implemented the health benefits into your company, educate your employees about it. Regularly communicate this benefit to  them, update them of any changes and important deadlines.  This reinforces your  company’s commitment to your workforce.

5. The last step would be to evaluate, assess, and seek employee feedback, especially that the needs and policies in the Philippines can change over time. 

If you have other questions or are interested in availing health benefits and medical insurance plans for your employees, don’t hesitate to contact us at ______________________.

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