THE BENEFITS OF OFFERING EMPLOYEE BENEFITS

Running a logistics business day to day is not easy, and one of the most difficult parts of the business is knowing where to invest your hard-earned profits. 

Should the money you make go towards buying new trucks? Giving your drivers raises? Maybe new equipment such as dollies and scanners?

All of these things are important, even essential, to running your business, but by far the most important asset you have as an owner are your drivers, which is why it pays to invest in them.

INVESTING IN DRIVERS PAYS OFF

A driver who is happy with his job and who has high morale can accomplish almost anything you set before them and encourages his or her coworkers to do the same.

Meanwhile a disgruntled employee who is not happy with the circumstances at the company will pollute the company’s culture and drag down other drivers with them. This can cause your entire company to underperform little by little.

That’s why keeping drivers safe, happy, and healthy is key to running a successful logistics business. One of the best ways to do that is to offer health insurance through your company to drivers and their families.

While healthcare can seem like just another expense, and a big one at that, the benefits of offering such benefits far outweigh the costs. 

OFFERING BENEFITS = COST SAVINGS

Offering health insurance makes your company stand out from others who do not offer it. This will be something that applicants see when they are first applying for the job, and it can make the difference between having quality applicants or sub-par applicants. By simply having health insurance listed on the job posting, you increase your competitive advantage which allows you to hire the best employees possible.

There are many benefits for your current employees as well. Having quality health insurance increases retention, which allows your company to hold on to your best employees for a longer period of time. Health insurance also gives your employees a better quality of life, which, as mentioned before, leads to happy, healthy, and safe employees, who will create a positive culture in your company.

THE BENEFITS FOR YOUR BUSINESS

These long-term employees and the culture they create are the best foundation you can have to help your business grow. This growth is facilitated by a decrease in fraudulent workers’ compensation claims, which can be a huge hindrance on your company’s finances. Additionally, there are small business tax credits available, which will further help to offset costs and make health insurance more viable and affordable upfront.

The culture created by giving your employees a higher quality of life can even save your company from losing a contract in the long run due to poor employee performance. The bottom line is that if your company culture is not positive, it is only a matter of time before your employees and the company itself makes a downturn. The best way to show your employees that you care about their quality of life and start changing that culture for the better is to offer health insurance.

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