When a company offers benefits and competitive packages, they attract their clients. But when they provide healthcare services to their employees (full time and part-time workers), it develops beneficial relationships and propels the business.
Most of the independent contractors or small businesses rely on part-time workers but do not offer health insurance to their part-time employees. Employers of small businesses often find it hard to provide the benefits that their employees want.
Moreover, these perks include overtime, additional leaves, and most importantly health insurance.
WHAT ARE PART-TIME WORKERS?
Part-time workers are the employees who work on a temporary basis without any legal contract with a company. While hiring part-time employees, business owners must create specific policies for them. It consists of the working hours, rules regulations, and wages.
The significant difference between a part-time and full-time weekly schedule is that part-time workers work fewer hours than full-time employees. And many companies provide health insurance and other benefits to those employees who work more than 30 hours per week for them.
According to the United States Bureau of Labor Statistics’ Economic, it is described that part-time employees work a minimum of 20 hours and a maximum of 30 hours per week. But according to the Fair Labor Standards Act (FLSA), the federal wage and hour law, doesn’t define full- or part-time employment.
FACTS YOU SHOULD KNOW ABOUT HEALTH INSURANCE BENEFITS FOR THE EMPLOYEES
Approx 23% of full-time employees too do not receive any benefits from their employers.
Health insurance and paid vacation are the most common benefits for part-time employees.
59% believe that health insurance is an essential benefit in terms of job satisfaction.
Only 21% of full-time employees get paid parental leave.
52% of employees are not satisfied with their job benefits.
WHY OFFER BENEFITS TO PART-TIME WORKERS?
It may not be legally required to offer all benefits to every part-time employee until they are not eligible. Offering the benefits to employees can help the organization to boost their productivity. Further, it can encourage the employee to stay loyal to their companies.
Providing benefits for full-time employees shows that companies are investing in their employees’. Benefits are like a springboard for employees to encourage them to do their work well.
The changes in federal rules have somehow made it harder for employers to decide what benefits they should provide to their employees. Organizations or companies must offer a competitive benefits package if they want to attract top talent.
When employers are receptive and flexible for the workplace benefits, they provide profit to business and growth of a company. The offering leverages like health insurance may seem technical and expensive, but employees deserve to know that their workplace values them.
The ultimate aim of employers to provide health benefits is to strengthen the bond between the organization and the employees.
All in all, it is necessary to provide health insurance benefits to the deserving candidates whether they are full-time or part-time employees.