• Home
  • News
  • Privacy

Small Business Insider

Business Finance and Insurance

  • Insurance Guides
  • Business Finance
  • Business Advice
  • News
  • Business Insurance
  • Business Bank Accounts
  • Wirex Card
Home Insurance What Is Corporate PMI?

What Is Corporate PMI?

Posted on July 2, 2017 Written by Administrator

Corporate PMI is private medical medical insurance arranged by a company for medical health cover on behalf of its employees.

The existence of corporate PMI in any remuneration package is likely to be regarded by employees as far more than an everyday perk of the job, but something genuinely worth having and something that possibly sets one company above another as an attractive place to work. Private medical insurance, in other words, can be a valuable incentive for the recruitment and retention of staff.

From the employer’s point of view, corporate PMI offers an opportunity for:

  • incentivising employees and maintaining heightened morale in the work place;
  • helping to manage sickness absences;
  • ensuring that employees who do fall ill and need time off from work can nevertheless receive quality medical attention promptly, so that they are able to return to work after a minimum period of absence; and
  • generally maintaining an image of and corporate reputation for responsible and caring attitudes towards the workforce.

With such a range of advantages for employers and employees alike, these types of company-based medical insurance schemes increasingly feature in remuneration packages. Thanks to their flexibility and the ability to tailor many corporate PMI schemes to suit the scale and needs of a particular company and its workforce, large numbers of employees are now sharing the benefits of private health cover.

Related Posts:

  • Why we’ll soon no longer need CVs for tech recruitment
  • Tools to help you recruit the best person for your…
  • Why small businesses must include candidate testing…

Filed Under: Insurance Tagged With: Corporate PMI

Recent Posts

Do Not Be Your Own Project Manager For Small-Scale Property Development Projects

Many people assume that a conversion project where a commercial property is converted to residential would be more difficult and stressful than a refurb or flip. After all, they generate much bigger profits, so therefore surely, they must be more challenging. That’s not been my experience, and I’ve been in development for forty-odd years, so […]

Important Transferable Skills That Paralegals Gain In The Workplace

Important Transferable Skills That Paralegals Gain In The Workplace

Training as a paralegal is a great way to start your career in the legal sector. But that’s far from all there is to gain from becoming a paralegal. Unlike other routes into the legal sector, paralegal work involves a lot more freedom and variety of experience, allowing you to focus on the skills, areas […]

Boost Your Business With A Spring Clean

Boost Your Business With A Spring Clean

Decluttering your business can feel like bursting open the windows to breathe in the fresh air of a whole new creative chapter for your business. Clearing out and letting go of what is no longer serving you and your business is a strong signal to your subconscious mind that you are upgrading. You are ready […]

Categories

Speedie Consultants Ltd
10 College Gardens
Westgate-on-Sea
Kent
CT8 8EY

Registration number: 4797388.
Telephone: 01843 831088
Email: enquiries@speedieconsulting.co.uk
Website: www.speedieconsulting.co.uk

© 2022 Small Business Insider

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT