Blog Posts

Benefits as a Recruitment Strategy [Cost-Effective Solutions Such As Direct Primary Care Provide Customizable Benefits]

According to Tom Sullivan, VP of small business policy at the U.S. Chamber of Commerce, small businesses struggle to recruit qualified staff and continue to bear the burden of worker shortages. The burger chain White Castle recently reached out to 550,000 past applicants from as far back as 2017 to try to fill open positions.

poll conducted by the U.S. Chamber of Commerce and MetLife found that 24 percent of small businesses planned to increase pay to attract new employees. Other tactics include remote work, more flexible working hours, and better benefits.

A recent study by HR platform provider Ease examined the challenges facing small-to-medium businesses as the pandemic recedes. The study found that as employers sought to retain and recruit workers, they offered more voluntary benefits.

It’s not surprising that workers are interested in better benefits given the events of the past year. The looming possibility of serious illness, hospitalization, or fatality became painfully palpable for many workers. These threats motivated many to choose voluntary benefits during the 2021 open enrollment period to help protect their families and their income should they face more difficult circumstances in the future.

Health Costs are Increasing

The Ease study of small-to-medium businesses also noted an increase in medical plan premiums and medical costs overall during 2020. The average company in their study saw a year-over-year increase in individual medical premiums of nearly 6 percent, while family medical premiums increased almost 4 percent, on average.

The following health costs also saw an increase in 2020:

  • Overall, health care prices rose nearly 2 percent.
  • The cost of physician services increased nearly 2 percent.
  • The cost of hospital services rose 3 percent.

The Cost of Turnover

Another expensive issue plaguing employers of all sizes is turnover. The costs of employee turnover vary depending upon the role and the nature of the business. Still, some studies estimate that each time a company replaces a salaried employee, it costs 6 to 9 months’ salary on average.

A CAP study found the following averages to replace an employee:

  • Jobs earning less than $30,000 a year = 16 percent of annual salary
  • Jobs earning $30,000 to $50,000 a year = 20 percent of annual salary
  • Highly educated executive positions = 213 percent of annual salary

Improving benefits is also a way to reduce employee turnover, especially for small businesses.

A Cost-Effective Solution is Here

Attracting and retaining qualified talent is tricky, but offering benefits to make employees feel valued is significant. Small businesses often feel they can’t provide health benefits for their staff because insurance premiums and deductibles are cost-prohibitive. Add on the insurance claims that impact profits, and the cost of a meaningful health plan can quickly escalate beyond control.

Now there is a powerful alternative to traditional health insurance plans. It’s called direct primary care (DPC). Instead of paying monthly premiums or deductibles, this health membership offers unlimited visits to a primary care physician for a low monthly membership fee. The membership can be paired with an insurance policy or provided on its own.

DPC has been a game-changer for small businesses. This low-cost alternative allows employees of small companies and the service sector to get the healthcare necessary to keep themselves and their families healthy. When it comes to using health benefits as a recruitment strategy, direct primary care makes it easy. Employers don’t have to wait until open enrollment to implement DPC. They can sign up any time of year to offer health benefits to their staff.

If you’d like more information on how direct primary care can help employers stand out in a competitive landscape, contact Healthcare2U.

 

share this post

Other Posts You Might Like

  • Blog Posts

    Benefits as a Recruitment Strategy [Cost-Effective Solutions Such As Direct Primary Care Provide Customizable Benefits]
  • Blog Posts

    The Importance of Health Screenings [Direct Primary Care Memberships Provide Access to Routine Healthcare]
  • Blog Posts

    Helping Employees Understand Their Benefits
  • Blog Posts

    The Consequences of Delaying Medical Care
  • Blog Posts

    Major Shifts in Healthcare [Implementing Long-Term Strategies for Telemedicine and Virtual Care]
  • Blog Posts

    Why Millennials Ignore Health Issues
  • Blog Posts

    Anti-Aging Secrets: An Unexpected Benefit of Primary Care?
  • Blog Posts

    Creative Healthcare Solutions for States with the Least Coverage
  • Blog Posts

    Three Overlooked Groups Looking for Innovative Healthcare Solutions [How Direct Primary Care Can Address Their Needs]
  • Blog Posts

    Data-Driven Insights for Building Better Health Plans
  • Blog Posts

    DPC Practices Seek to End Disparities in Healthcare
  • Blog Posts

    The Relationship Between Physical Health and Mental Health [How to Promote Better Physical and Mental Wellbeing]
  • Blog Posts

    Primary Care Counteracts the Negative Impact of Poor Economic Conditions on Health
  • Blog Posts

    Two Accelerating Contributors to Health Inequity [How Medication Insecurity and Healthcare Homelessness Calls for Better Access to Primary Medical Care]
  • Blog Posts

    Health Plan Design is a Strategic Business Decision
  • Blog Posts

    Increased Demand for Virtual Healthcare Going Forward
  • Blog Posts

    Chronic Disease Management Provides Big ROI
  • Blog Posts

    Be Prepared for the New Normal Through the Power of Partnerships
  • Blog Posts

    Looking into Healthcare’s Crystal Ball – The Present and Future of Direct Primary Care
  • Blog Posts

    Affordable Healthcare Alternatives Can Minimize the Fallout from COVID
  • Blog Posts

    Affordable Healthcare and Financial Literacy for Millennials [How Direct Primary Care Delivers the On-Demand Healthcare Experience that Millennials Want]
  • Blog Posts

    Direct Primary Care Helps Address Healthcare Inequality for Children [Accessible and Unlimited Primary Care]
  • Blog Posts

    Role of Direct Primary Care in Healthcare Equality [How Affordable and convenient care isn’t just a tagline]
  • Blog Posts

    The Small Businesses Healthcare Revolution
  • Blog Posts

    3 Reasons You Should Be Having as Much Fun as Possible
  • Blog Posts

    Nextgen Solutions to Keep Families Healthy
  • Blog Posts

    The Future of Primary Care [ How the Primary Care Landscape is Adapting to a Mobile Workforce ]
  • Blog Posts

    The ABCs of DPC – The Building Blocks of Healthcare [ What is Direct Primary Care and Why is it Important? ]
  • Blog Posts

    Caregiver Burnout: Tips for Self-Care [How to care for yourself so you can care for others]
  • Blog Posts

    Optimal Cholesterol Levels Help Maintain Optimal Health
  • Blog Posts

    Celebrating Women’s Contributions to Healthcare
  • Blog Posts

    Healthcare for the Service Sector
  • Blog Posts

    Prepare for a New Normal
  • Blog Posts

    Tips for a Happy and Healthy Summer
  • Blog Posts

    A Solution for Disparities in Healthcare
  • Blog Posts

    3 Ways Artificial Intelligence is Changing Healthcare
  • Blog Posts

    Prevention is the Best Strategy for Chronic Disease
  • Blog Posts

    Healthcare2U Launches Redesigned Website to Better Support Brokers, Employers and Members
  • Blog Posts

    Doctors Love Direct Primary Care
  • Blog Posts

    Is There Such a Thing as Balance?
  • Blog Posts

    Men Visit the Doctor Less Than Women
  • Blog Posts

    Hidden Causes of Hypertension
  • Blog Posts

    Solutions for Anxiety and Depression
  • Blog Posts

    The Importance of Primary Care
  • Blog Posts

    DPC Will Be Crucial for Health Plans Going Forward
  • Blog Posts

    Tips to Stay Fit at Home
  • Blog Posts

    The Connection Between Health and Friendship
  • Blog Posts

    Stress Relief in Times of Uncertainty
  • Blog Posts

    3 Powerful Ways to Boost Your Immune System
  • Blog Posts

    COVID-19: Tips to Stay Safe and Healthy
  • Blog Posts

    How Employee Burnout Increases Healthcare Costs
  • Blog Posts

    Coronavirus: Stay Calm and Aware, But Don’t Panic
  • Blog Posts

    The Link Between Technology and Depression
  • Blog Posts

    Finding Solutions for Surprise Medical Billing
  • Blog Posts

    3 Ways Love Can Improve Your Health
  • Blog Posts

    How Physical Fitness Benefits Mental Health
  • Blog Posts

    Tips for a Happy and Healthy Holiday Season
  • Blog Posts

    Five Ways to Reduce The Risk of Back Pain
  • Blog Posts

    Five Factors Contributing to Childhood Obesity
  • Blog Posts

    Five Things Employers Should Consider When Looking for a Direct Primary Care Provider
  • Blog Posts

    National Women’s History Month: Five Influential Women in Medicine
  • Blog Posts

    Heart Failure Awareness Week
  • Blog Posts

    Our Hearts are Healthier Together
  • Blog Posts

    Employers Seek Alternative Solutions to Solve Rising Benefit Plan Costs
  • Blog Posts

    The Real Impact of Chronic Diseases in America
  • Blog Posts

    Conquering Your New Year’s Resolutions
  • Blog Posts

    Winter Wellness
  • Blog Posts

    Employer Provided Healthcare Isn’t Making the Cut
  • Blog Posts

    Breast Cancer Research: The Breakthroughs of Today for Those Diagnosed Tomorrow
  • Blog Posts

    Breast Cancer Facts and Myths
  • Blog Posts

    Fighting a Killer
  • Blog Posts

    7 Ways to Celebrate Women’s Health & Fitness Day
  • Blog Posts

    The Fight Against Childhood Obesity
  • Blog Posts

    Five Tips to Prepare for a Healthier School Year
  • Blog Posts

    Sticking to a Healthy Eating Plan over the Holidays and into the New Year
  • Blog Posts

    Focus on Diabetes – Preventing a Killer
  • Blog Posts

    Direct Primary Care Delivering Lower Costs, Better Patient Experience
  • Blog Posts

    Savings 101: Healthcare strategies for self-funded companies
  • Blog Posts

    Embarking on a Path to Health and Wellness
  • Blog Posts

    The Rise of Telemedicine
  • Blog Posts

    What is a Healthcare Advocate?
  • CONTACT US

    BECOME A PART OF THE SOLUTION

    Redefine the healthcare experience with No-Claims Healthcare™

    Contact us