Did you know total expenditure on health in India accounts for 4.7 % of GDP (2014)? What’s more, private expenditure on health adds to it. This is the reason why more and more employers have a vested interest in encouraging their workers to follow healthy habits, including exercise, eating healthy, and limiting smoking and alcohol.
Companies also look for planning tax saving strategies for salaried employees keeping in mind their team’s interest. Certainly, healthy employees are more productive and hence have lower medical costs as compared to their less-healthy colleagues. To that end, numerous companies are also implementing preventive health checkups and employee wellness programs with an additional advantage to make tax friendly salary structure. It’s high time to consider the risk factors and assess why do your employees need a preventive health checkup?
Health insurance is a common employee benefit. When it comes to health checkup vs. food coupon, health checkup certainly outweighs with a tax benefit.
Considering all above mentioned points periodic preventive health checkup is a preferred option than adding food coupons or allowance.
So what are you waiting for? Explore more about corporate health checkups and take a well-informed decision. Fill the query form below and get ready to offer a healthy and happy life to your employees for an increased productivity and more business profits for your organization.