StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Describing the dilemma faced by the industy relative to health care benefits - Essay Example

Cite this document
Summary
Employee Healthcare benefit is a proven way of keeping employees glued to the organization and is a resource of itself to an organization. It is natural that individuals are motivated whenever they…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91% of users find it useful
Describing the dilemma faced by the industy relative to health care benefits
Read Text Preview

Extract of sample "Describing the dilemma faced by the industy relative to health care benefits"

Dilemma Concerning Health Care Benefits Dilemma Concerning Health Care Benefits Introduction Today’s business demands proper protection of the interests of the employees. Employee Healthcare benefit is a proven way of keeping employees glued to the organization and is a resource of itself to an organization. It is natural that individuals are motivated whenever they believe they are working in conditions that are secure or those that put their health at their heart. Thus, most organizations, especially those operating in high-risk environments have been faced by a massive dilemma on whether to run the cost of maintaining proper healthcare to their employees or to risk losing them all together.

Healthcare benefit plans hence vary with states or organizations.With the dynamic business environment, most organizations have resorted to technology to fight for their lives in the highly competitive markets and industries. However, the best way to keep being relevant in a business is always through having the best human resource. The best human resource is that which is healthy, innovative and highly motivated to execute the endeavors of the organization. Long-term profits are ensured by proper medical plans to an organization’s employees (Wurman, 2004).

Every organization rates their risky situations differently. Generally, a sound healthcare plan encompasses; services of the ambulance, emergency, health cure, mental healthcare services, maternity, newborn care services, drug and substance abuse, guidance and counseling among others. In addition, varying healthcare insurance plans such as Health Maintenance organizations and preferred provider organizations in varying proportions provide the healthcare cover to organizations (Wurman, 2004).The benefits of provision of healthcare benefits to employees are numerous.

Manufacturing organizations for instance operate in highly risky environment. Employees in such organizations therefore are prone to injuries. The best way to keep the best human resource in such a risky environment is by instilling a motivating factor. Being healthy and assured of health benefits is a motivating factor to individuals. Employees are easily motivated to industriously work hard and take risks whenever need be. Risk taking assists in innovation and creativity (Clemens, Cutler, & National Bureau of Economic Research, 2013).

This, in turn improves the profitability of the organization. Organizations with employees having health covers always have their human resource intact as they only occasionally lose their employees to sick leaves.An organization is better placed in acquiring the best employees if it has a beneficial healthcare scheme. Qualified individuals will always rush to organizations with better healthcare plans. Having the best human resource in an industry is essential in fighting competition from rival firms with averagely qualified employees.

Much as healthcare service provision to employees might seem expensive to organizations in a short term, it is very beneficial in the end. In situations that an organization loses employees to accidents occasionally, or losing its best employees to rival firms can be very costly to an organization in the long term planning. Employee engagement is also important to firms (Clemens, Cutler, & National Bureau of Economic Research, 2013). Team work results in creativity. An organization can only be assured of teamwork if its employees are motivated and are willing to work not for their own benefits but to achieve the goals of the organization.

ConclusionBased on the above discussion, it is clear that organizations put themselves in unnecessary dilemma on deciding whether to protect or not to protect the health of their employees. The answer is clear, protect the health of employees in any organization and get the best in the end or avoid it to get the worst possible results in the long-term business plan. This feasible solution ensures that employees realize that they are valued by the organization.ReferencesClemens, J., Cutler, D. M.

, & National Bureau of Economic Research. (2013). Who pays for public employee health costs?. Cambridge, Mass: National Bureau of Economic Research.Wurman, R. (2004). Understanding Healthcare. New York: Serigraph publishers.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Describing the dilemma faced by the industy relative to health care Essay”, n.d.)
Describing the dilemma faced by the industy relative to health care Essay. Retrieved from https://studentshare.org/human-resources/1649376-describing-the-dilemma-faced-by-the-industy-relative-to-health-care-benefits
(Describing the Dilemma Faced by the Industy Relative to Health Care Essay)
Describing the Dilemma Faced by the Industy Relative to Health Care Essay. https://studentshare.org/human-resources/1649376-describing-the-dilemma-faced-by-the-industy-relative-to-health-care-benefits.
“Describing the Dilemma Faced by the Industy Relative to Health Care Essay”, n.d. https://studentshare.org/human-resources/1649376-describing-the-dilemma-faced-by-the-industy-relative-to-health-care-benefits.
  • Cited: 0 times

CHECK THESE SAMPLES OF Describing the dilemma faced by the industy relative to health care benefits

Adverse Selection in the Health Insurance Industry

Adverse selection occurs in the insurance market as those who individuals who prefer more generous and expensive insurance plans are those who are more likely to require health benefits.... "This paper will discuss adverse selection in the health insurance industry.... It will first explore the concept of information asymmetry and then apply this concept in the health insurance market.... dverse Selection in the health Insurance Industry Adverse selection is one of the most common problem faced players in the health insurance industry....
5 Pages (1250 words) Essay

Modern Medicine and Death: The Dilemma

In other words, medical ethics requires health care professionals to assess whether the benefits of a given treatment outweigh the risks.... In the paper “Modern Medicine and Death: the dilemma” the author provides one example of a situation which creates quite a medical and ethical predicament....
5 Pages (1250 words) Article

Sales Representatives in the Pharmaceutical Industry

As Vice President in Schering-Plough Corp, she led their 1, 500-representative primary care force.... Pharmaceutical sales representatives, specifically, have to have an excellent understanding in the different fields of science like biology and chemistry and should… Usually, these people who work in sales hold a bachelor's degree in business or one of the life sciences....
10 Pages (2500 words) Essay

Ethical Dilemma

Alexis… Alexis however refused to join her colleagues when they were leaving claiming that she had not found someone she could trust to take care of her son while she was away.... Alexis however refused to join her colleagues when they were leaving claiming that she had not found someone she could trust to take care of her son while she was away.... Her mother who had initially accepted to take care of the baby backed out claiming that she was already overwhelmed as she was taking care of some other ailing relatives....
2 Pages (500 words) Term Paper

Healthcare Issue in the US

It is found that sixteen percent of the economy of the gross domestic product (GDP) which represents the total economic activity is devoted to health care.... health care has a huge impact on the economy since increases on health spending are reported every year outpacing the spending on other goods and services thereby resulting to a remarkable slice in the economy.... Health costs have gradually increased over the years and affect the… The effects of this is notable in all sectors as the government has to be on the forefront in curbing these problems by increasing the share of budget spent on health care and this causes them to increase the level This places businesses who offer insurance coverage for their workers at a disadvantage as they spend more on health care....
4 Pages (1000 words) Essay

The Healthy Care Dilemma

Nobody can dispute benefits of Obama care including lower health care costs, more health care choices guaranteed, high-quality health care, and even protection for health insurance.... Its benefits had only acted as an attractive and appealing coat to what actually lay inside or was yet to come.... From the paper "The Healthy care Dilemma" it is clear that it is usually painful and disturbing for an individual to incur losses on something that he/she did not expect, but coming into terms with it and accepting the situation the way it is is usually the surest way to find peace....
1 Pages (250 words) Essay

Structural Stagnation Dilemma Forum

The safety net includes health care reforms, which would ensure that there is affordable health insurance for those who lose their jobs, and unemployment insurance to cover the displaced workers.... As shown in figure 11-3, by Colander, a graph showing policy implication of structural stagnation, the policy makers are deemed to target a higher potential output as a result of the dilemma (Colander 238).... The major cause of secular stagnation is Structural Stagnation dilemma Forum A structural stagnation is a concept describing a in which the macro economy is inhibited from attaining its potential growth as a result of an underlying misalignment in distribution and allocation of resource (Colander 233)....
2 Pages (500 words) Assignment

The Primary Benefits of Telenursing

The primary benefits of telenursing include an increase in the number of patients attended to, reduction in costs and provision of quality health care.... The primary benefits of telenursing include an increase in the number of patients attended to, reduction in costs and provision of quality health care.... The essay “The Primary benefits of Telenursing” discusses telenursing, which refers to the application of technology to offer various nursing services from a distance....
1 Pages (250 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us