Taking good care of assets extends their lifespan, improves productivity, and helps produce a healthier bottom line. Good staff is one of the most important assets that businesses possess. Without the right personnel, successful companies wouldn’t even exist, let alone prosper and make a profit. It’s why many businesses in New Zealand and the rest of the world turn to loan comparison sites to help them track down the most competitive business loans for investing in employee wellness.
1. Business Assets Must Be Maintained and Nurtured
Key assets cannot be left alone if they are to continue contributing to a business’s welfare and performance, and company staff is no exception. It’s true in terms of building premises, finances, capital equipment, and inventory. Paying attention to and maintaining your business assets not only extends their lifespan but also enhances productivity and contributes to a healthier bottom line.
Company staff is no different. It’s a fact that is well recognized by U.S. business experts, Forbes, who offer 5 reasons why it is so. They are:
- Quality Personnel Impact Brand.
- Your employees are ambassadors of your brand.
- Recruiting, training and rehiring is expensive.
- High employee turnover is a costly expense,
- Demonstrating the appreciation of staff can improve profitability.
Maintaining any asset is a drain on a business’s already stretched finances, which is why many business owners in Germany use online loan tendering platforms like Firmenkredit to obtain loan offers from various institutions that will enable them to contribute to employee wellness.
2. Employee Wellness Benefits in the Netherlands
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When it comes to corporate wellness programs for business staff, employees in the Netherlands are subject to a number of staff welfare initiatives. They demonstrate how the work-life balance is catered for through both mandatory law and supplemental perks that contribute to staff satisfaction. Mandatory considerations include:
- Health Insurance
- Holiday allowances
- Parental leave
- Paid sick leave
- Paid time off
- Contributions to Social Security
In addition to the above-listed obligatory initiatives, the supplemental offerings include things like:
- Development initiatives
- Supplementary health insurance
- Opportunities for flexible working arrangements
- Pension plans
- Profit share
- Performance bonuses
- Transport allowances
It doesn't stop here. Many businesses now provide supplementary benefits, including things like fitness programs, health screening, and stress management courses. All of these benefits come with significant costs which the employer must bear, and they add further to a company’s running costs.
3. Business Loans Can Be Used to Cover Benefits
Taking business loans by using the services of loan comparison sites like Zakelijke lening to find the most suitable loans is an option that many businesses are now taking. Large corporates can loan up to as much as €5 million, whereas startups and SMEs can apply for business loans from as little as €1,000.
Business loans can be used to cover any of the benefits mentioned above for improving employee wellness as well as other programs. These include EAPs (Employee Assistance Programs) and CSR (Corporate Social Responsibility) initiatives, the latter becoming more popular with businesses that aspire to ESG principles.
How Companies in Norway Promote Employee Wellness
Norwegian businesses, too, are at the forefront of implementing employee wellness programs in Scandinavia. While employee health insurance is mandatory in Norway for businesses that employ more than 50 members of staff, employers voluntarily offer their members of staff other products.
In addition to some of the initiatives we've already highlighted, some Norwegian companies encourage their staff to stay healthy by offering them gym memberships and yoga or Pilates classes. Many use the services of specialised employee benefits solution providers such as Mantracare.
Like most companies, businesses in Norway operate on credit as a matter of course. Goods and services, whatever they are, have to be funded, and like when producing products, the cost of materials has to be borne upfront. Business loans are a common practice way of paying for them.
Compare Business Loan Options Before Taking Out a Loan
Loan tendering platforms like Bedriftslån offer Norwegian businesses loans to cover all sorts of needs, including those directed toward employee wellness. Business credit can start from NOK 10,000 up to 800,000 or more.
Secured business loans are best for businesses that need larger loans and who can put up the necessary collateral in terms of real estate or some other acceptable type of asset. Unsecured loans for smaller amounts are more suitable for startups and SMEs. Another option is flexible lines of credit.
Conclusion
Renowned global management specialists McKinsey & Company maintain that improving employee wellness is capable of creating up to $11.7 trillion worth of economic value globally. There can be little doubt that promoting and facilitating the wellness of staff is in itself an important form of investment, and that the benefits of business loans as a way of funding can be hugely successful in terms of ROI.
