Employee health is a fundamental aspect of a thriving workplace. A proactive approach to employee wellbeing doesn’t just benefit individuals, it also has long-term advantages for businesses. One highly effective yet often overlooked benefit is the provision of health assessments.
In this blog, we explore health assessments and how they are a great benefit for showing that you care about employee health and wellbeing.
The importance of regular health assessments
Health assessments can be a crucial tool in the early detection of potential health issues, much like a regular car service helps prevent major mechanical failures. A Bupa Be.Reassured health screen, for example, costs around £700, comparable to the price of servicing a vehicle annually. For employees under 50, health assessments are recommended every two years, while for those over 50, an annual check is advisable.
By investing in regular health assessments, employers can help their workforce detect potential health concerns early. Early diagnosis often leads to less invasive, more effective, and less costly treatment, ultimately reducing long-term healthcare expenses for both the employee and the business.
A tangible way to show you care
Providing employees with access to health assessments sends a strong message: their wellbeing matters. Unlike some employee benefits that may go unnoticed, a health assessment is a hands-on experience that employees can directly engage with and appreciate. This investment not only supports their physical health but also enhances their overall job satisfaction and loyalty to the company.
A proactive approach to protecting key people
Many businesses invest in key man insurance to mitigate financial risks associated with the loss of essential personnel. However, a more proactive strategy is to help prevent health issues before they arise. Offering executive health assessments is a direct way to protect key employees, ensuring they remain healthy and able to contribute to the success of the business. This proactive measure also reinforces a company’s commitment to its employees, creating a sense of security and loyalty.
Extending the benefit to the wider workforce
Health assessments aren’t just for senior executives. Many businesses offer health screenings to their wider workforce, often through cost-effective, on-site ‘Know Your Numbers’ days. These sessions help employees become more aware of their overall health and lifestyle risks, encouraging them to make positive changes before health concerns become serious. This broader approach to wellbeing can lead to a healthier, more engaged workforce, reducing absenteeism and improving productivity.
A cost-effective, tax-efficient investment
Beyond the health and wellbeing benefits, health assessments are also financially advantageous for businesses. They are not considered a taxable benefit and can be written off against corporation tax, making them a smart, cost-effective investment in both employee wellbeing and business sustainability.
Employee health is a win-win
Health assessments offer a win-win for both employees and employers. They provide an invaluable opportunity for early detection and prevention of health issues, demonstrate a company’s commitment to its people, and ultimately contribute to a healthier, more productive workforce. Whether through executive health screens or company-wide wellness initiatives, investing in health assessments is a strategic move that businesses should strongly consider.
Our solutions
At Bespoke Benefits, we specialise in helping businesses design employee benefits packages that work for everyone. Whether you’re looking to introduce health assessments or enhance your existing offerings, our team is here to guide you every step of the way.
To find out more about the various health assessment solutions available, book a benefit consultation with one of our experts. Our customised approach will ensure you get the benefit solutions that align perfectly with your company culture and employee needs.
This article is for informational purposes only and does not constitute financial, medical, or legal advice. The information provided reflects general trends and insights as of the date of publication and may not apply to all circumstances. For tailored advice on employee benefits, we recommend consulting with a qualified professional or insurance advisor.
