8 Benefits of Labor Insurance

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8 Benefits of Labor Insurance

The workforce can be defined as individuals who are of working age, have the willingness to work, and are able to work. As workers, we should understand our rights and obligations, one of which is to get labor insurance.

Labor insurance in Indonesia itself is facilitated by the government through the Employment Social Security Administering Agency or more familiarly known as BPJS Employment. Here are some benefits of labor insurance that you must have or that you must provide if you own a business.

1. Employees Will Value Safety and Health

Even if perks such as a member's gym or great entertainment are available at your company, employees actually value benefits that don't directly affect their finances and health.

According to a survey conducted by Glassdoor, the most important thing for employees is to get health insurance from their employer.

This is related to job risks that can come at any time. It is very important to understand the Legal Benefits of Corporate Insurance for Employees if you own a company.

Providing financial and health insurance to your workers will help show that you value their health. Moreover, adding labor insurance that further guarantees safety during work.

2. Retaining Employees

As said earlier, benefits are becoming increasingly important not only for current workers but also for your prospective employees. Adding a good insurance plan to the benefits they will get if they work there will attract them to work.

This will also retain existing employees because with these benefits it will help improve employee performance, satisfaction, and loyalty. Of course productivity will increase and provide benefits for the company.

When you want the benefits of opening a business to get big profits, then you must also be able to reduce employee turnover. The trick is to give them a sense of security through labor insurance.

3. Providing Protection to Employees

Your employees value not only themselves, but their loved ones as well. Accidents happen and at the most unexpected times too. One of the importance of insurance as employee benefits is to provide protection to employees, as well as their families.

So when an accident occurs, they are better prepared. This readiness affects the mental which will speed up his recovery. You don't lose employee productivity for a long time and get back in profit.

4. Strengthening Relationships

After employees are satisfied and happy with the insurance package that you provide, they can focus more on their work. Indirectly this will increase their productivity. Happy and satisfied employees also have better and stronger relationships at work.

The company's 'climate' is very important when it comes to productivity. Employees who work indifferently because they feel they are not getting the benefits they want will affect other employees.

A healthy climate in the company does not only come from the Benefits of Listening to Music While Working, but the relationships that exist between employees.

5. Reduces Worry

When an accident occurs in the workforce, the individual's family will also experience panic over the condition of the worker who has an accident. The worry will be even greater if the funds for treatment are not yet available.

This is why labor insurance is highly recommended for every worker. Not only accidents when driving on the way to or from home, but also accidents that occur at work. For example, being hit by a tool or object when, inhalation of toxic gas, falling, or even muscle injury.

6. Accident Protection

Workers, especially those who already have a family, usually have a house that is quite far from the company. This requires them to use private transportation, which is inseparable from the risk of accidents.

If the workforce has labor insurance, the insurance will provide cost protection in the event of an accident either when returning home or when going to the office. You also need to know the Benefits of Participating in Life Insurance which provides many benefits in the event of an accident.

7. Pension Fund

This is something that is highly 'glorified' by the workforce. If you have employment insurance, then you can withdraw the money as a pension fund. Even when you decide to move to another company.

However, make sure that you leave the company amicably and even celebrate the farewell party if necessary because there are many Benefits of your Farewell Event. A good relationship between you and the company will facilitate the submission of your insurance documents.

8. Death Compensation

Who wants to experience an accident? There isn't any. Especially if this accident resulted in death. It is not only the workforce who loses, but also the families left behind will lose the head of the family and also the backbone.

However, again, death is not something that can be managed and avoided. Therefore, as workers, we must prepare what is needed when we are no longer able to provide a living for our families by having labor insurance that provides compensation to the bereaved families.

What you need to pay attention to in this case is that death compensation will not be obtained if the death is caused by an accident caused by traffic violations, speeding, and other actions that include traffic violations.

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