Within the continually evolving landscape of employee expectations and organisational success, what employees seek in their jobs and workplaces has moved beyond the usual standards. When it comes to workplace happiness and retention, employees now expect more than simply what ‘meets expectations’ — such as fair pay, respectful working conditions, and recognition. Today’s workforce is in pursuit of a more enriching and holistic workplace experience — one where employees feel genuinely cared for, not only professionally but also personally and in terms of their health and wellbeing.
It is increasingly the responsibility of employers to develop powerful and purposeful strategies that positively impact their employee value proposition (EVP). Doing so is essential to attract the skills and talent they need — and just as important, to retain them over the long term.
In today’s competitive business environment, where employee wellbeing and satisfaction are critical for organisational success, companies are continually seeking innovative ways to enhance their EVP. One effective and growing approach is the implementation of a corporate private health insurance program. These programs involve collaboration between employers and private health insurance providers to offer employees more affordable access to a broad range of healthcare services — including hospital stays, physiotherapy, dental care, prescription medications, and more. Employers may choose to cover some or all of the costs associated with their employees’ private health insurance coverage.
A corporate health insurance program sends a strong message to both current and prospective employees: their wellbeing matters, and they are valued as more than just assets. By offering private health insurance, organisations demonstrate a genuine commitment to the holistic health and wellbeing of their workforce. This, in turn, can improve employee motivation, boost morale, and reduce staff turnover. Moreover, in a tight labour market, offering comprehensive benefits such as private health coverage can differentiate an organisation and attract top talent.
There are also practical benefits for both employers and employees. Employees who actively utilise their private health insurance tend to stay on top of their health, resulting in fewer sick days and greater workplace productivity. This proactive approach to health not only benefits individuals but also reduces costs associated with absenteeism and lost productivity for the organisation.
Partnering with Navy Health to provide private health insurance coverage is an excellent way for employers to stay one step ahead of competitors while reinforcing their commitment to employee health and wellbeing. Navy Health offers personalised corporate health plans and wellness programs tailored to meet the unique needs of employees and the specific objectives of the business.
Each employer-funded program includes a comprehensive suite of benefits and support, such as on-site or virtual health and wellness activities designed to complement HR initiatives; presentations and support sessions to help employees fully understand and maximise their health insurance benefits; seamless program administration to provide a stress-free experience for HR teams; and targeted marketing support, including tailored education seminars that empower employees to proactively engage with their health cover.
By investing in a corporate private health insurance program with Navy Health, employers not only demonstrate care and respect for their employees’ health but also foster a positive workplace culture where people feel supported and motivated.
If you are interested in exploring how your organisation can benefit from a corporate private health insurance program, please contact our Corporate Relationship Partner at corporate@navyhealth.com.au to get started.