In the vibrant business landscape of Arizona, enterprises are constantly seeking competitive edges. One major lever? Employee benefits. In fact, a study from Glassdoor found that an astounding 4 out of 5 employees value benefits over pay raises. If you’re an Arizona business aiming for the top, here’s why offering group health insurance is a golden ticket.
Group Health Insurance Benefit #1: Attract and Retain Arizona’s Top Talent:
- With the state’s booming industries, attracting the right talent can be a game-changer. A staggering 89% of those aged 18-34 and 84% of 35-44 year-olds in Arizona value health benefits over salary increments.
- In today’s competitive job market, not offering health benefits could leave Arizona businesses in the dust. Given that roughly 60% of employers nationwide offer health insurance, staying competitive means extending these benefits. It not only draws new talent but ensures your seasoned professionals remain loyal.
Group Health Insurance Benefit #2: Elevate Employee Health & Productivity in the Grand Canyon State:
- Healthy Arizonans are not just thriving; they’re productive forces in the workplace. An ailment can reduce this vigor, impacting business performance.
- Absence of health coverage can add financial burdens, leading to decreased output.
- Additionally, uninsured individuals might defer medical treatments, translating to prolonged sick leaves or even lasting disabilities. A sound health insurance plan can prevent this downturn.
Group Health Insurance Benefit #3: Financial and Tax Incentives for Arizona Businesses:
- The sunny state sees fewer workdays lost when employees are healthier. This means no hustling to fill in missed shifts, no unnecessary overtime costs, fewer workers’ compensation claims, and consistent high-quality service/products.
- Moreover, the benefits extend to reduced employee turnover, saving costs on frequent recruitment and training.
- For Arizona businesses, there’s a cherry on top: Tax benefits. Premiums paid by employers are fully tax-deductible. Plus, Arizona’s smaller enterprises, with a team of 25 or less, can tap into extra tax credits.
If you’re an Arizona business, investing in group health insurance isn’t just a boost for your employees but a strategic move for your enterprise’s success. Dive deep into the world of health insurance options tailored for the unique needs of Arizona businesses, ensuring optimal growth and prosperity in this dynamic state.
Are you considering a group health insurance plan for your Arizona business? Reach out to explore the best Arizona health insurance plans available.