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Currently, it is estimated that in Mexico there are just over 2 million people with a formal job.
Just over 55 percent of the workforce does not have medical care.
Within the new work normality, aspects such as home office and medical safety, are widely valued.
Within the labor sphere, workers have begun to look for options, which offer options beyond the traditional, placing aspects such as the home office or benefits superior to the law, as important aspects to consider when making decisions within the professional field, being medical expense insurance an important part of the new work normality.
According to what was pointed out by “Formal employment Mexico 2021”by October 2021 a base of permanent and temporary workers affiliated to the IMSS of just over 20 million 767 thousand 587 people was registered, figure that represented an increase with that registered in 2019.
Medical expenses insurance, more than a job benefit
Within the current workplace, One of the benefits above the law most valued by employees in Mexico is insurance for major medical expenses, and it is not surprising that in a country with more than 52 million active workershalf of them (55 percent), do not have any access to medical care.
Far from being a health issue, the fact that companies grant their employees insurance for major medical expenses (additional to traditional social security)provides economic, social and productivity benefits to its employees and direct benefits to the firm that grants it, as indicated VivaWell, who seeks “improve the quality of life of Mexicans”, through the prevention and well-being of people, through a 100 percent digital and friendly system backed by a medical body of high private standards.
“The well-being of employees is essential in the growth of a company. The last two years have confronted us with three challenges: first, what it means to have comprehensive health, from prevention to proper care for both physical and mental ailments. Second, the possibility and ease of accessing a quality private medical service at an affordable cost and third: managing it digitally with a simple and intuitive experience”. Eduardo Iglesias, global CEO of VivaWell, points out.
Higher productivity: Absenteeism due to illness affects 5 percent of a company’s payroll, and is that a sick employee can take two days or two months of sick leavedepending on the severity of your illness or accidentdirectly impacting the economy of your company, since you will have to cover your salary even on non-working days.
Employee Motivation: A study conducted by Harvard University found that 85 percent of employees tend to lose motivation after six months on the job; For this reason, a good way to maintain the motivation of the workforce is to have a broader compensation scheme than the one contemplated by the federal labor law, in this way, by having medical insurance within its benefits, it will make your employee feel valued.
Job retention: 7 out of 10 companies in Mexico use insurance for major medical expenses as an incentive to avoid talent leakage and reduce staff turnover rates, according to a study by the consulting firm Mercer.
Tax savings: Hiring insurance for major medical expenses for an employee is beneficial for a company, since expenses for this concept are tax deductible as it is considered a social expense up to 57 percent.
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