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As access to the global markets continue to recover following the pandemic, an increasing number of companies will be looking at overseas markets for additional streams of revenue. Likewise, businesses that are already globally mobile may consider expanding their international operations and resuming their recruitment initiatives. With people prioritising their health & wellbeing more than ever before, it’s important that companies remember to take care of their employees no matter where they are in the world.

In fact, employee health becomes even more important when the cost of having an overseas workforce is considered. But what are the benefits of offering international private medical insurance (IPMI) to your employees?

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Attracting and retaining talent

Overseas expansion and operations come with their own challenges and attracting the right talent to your growing business can be one of them. Asking your loyal and experienced employees to relocate for work can be equally as hard.

Moving abroad for a work assignment can be stressful, especially if it entails relocation to a region with a very different culture. By offering international medical insurance, you’ll reassure your employees that they’ll be looked after in their new home.

Having the right benefits package can also help you attract the best talent to your globally-minded business. As recruitment is becoming increasingly challenging, standing out from the competition is more important than ever. Private healthcare cover is often considered and ranked as one of the most valued benefits for employees, so offering it as part of your benefits package might be a powerful way of attracting and keeping the best talent.

Getting your employees back to health quickly

With international private medical insurance, businesses can help their employees stay healthy and productive. And, in the event of illness, they can help their staff get back to health and back to work quickly.

In 2021, there were 149.3 working days lost due to sickness in the UK alone.¹ People are your most valuable assets, so when one of your employees is absent due to ill health, it can have an impact on your business. International private medical insurance aims to get your team back to work quickly by providing prompt access to medical support when it’s needed most, resulting in fewer days out of action.

Improved productivity

Sickness days can have a big impact on your business. However, presenteeism, when an employee turns up to work while unable to give their best due to ill-health, is another prevalent issue that affects many businesses. Employers who take care of their staff are more likely to have a healthier and more productive workforce. 

The benefits for employees

As well as for your business, international private medical insurance brings several benefits to your employees. These include:

  • Shorter waiting times resulting in prompt access to diagnosis and eligible treatment
  • High-value cover for cancer and mental health conditions
  • Access to a wide network of private hospitals providing high standards of care
  • Second opinion service if your employees are uncertain about the diagnosis they’ve been given, or simply require a second medical opinion on a proposed treatment plan
  • 24/7 medical assistance, with multilingual team ready to provide support, guidance and manage your employees' treatment requirements.
  • Crisis management assistance for non-emergency medical evacuation when needed

International private healthcare cover is often seen as something of a considerable cost, but it’s a long-term investment that can bring several benefits to both, your business and your workforce.

At APRIL International UK, we can help you find the right healthcare plan for your business. For more information, visit.

¹Office for National Statistics (ONS), Sickness absence in the UK labour market: 2021

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