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Small and medium-sized enterprises face budget, resource, and scale constraints in offering competitive health and benefits. In a war for talent, how can you balance rising medical costs while attracting and retaining key talent? 

Here’s how Marsh can help you compete and win in a war for talent amidst medical inflation. 

  • Select: More value

    Big benefits at competitive prices: SMEs can unlock exclusive medical coverage through our network and scale. 

    1. Make the most out of your workforce budget with our competitive premium pricing covering a range of medical benefits which are usually only available to large organizations. 

    2. What’s more, you can lock in premiums and feel secure even as the market fluctuates.

    3. Yes, we’re big, but that means we can negotiate big too. Take advantage of our global negotiation power and exclusive partnerships so you can enjoy more value while containing costs.

  • Select: More efficient

    Save time and boost efficiency: Empower small businesses to manage plans and streamline operations with digital tools.

    We know that the smallest efficiencies can make a big difference in terms of cost and time savings in a small business. 

    You can maximize operational efficiency through streamlined administration and timely claims processing so you can stay up to date wherever you are. Attract the same top talent as larger firms: SMEs can be talent magnets. 

  • Select: More competitive advantage

    Your people are your business. Investing in the right benefits program helps you win talent, differentiate your business, and gain a competitive edge. 

    1. Select from our range of benefits programs to help you attract and retain the people you need for the competitive advantage you deserve.

    2. With our affordable packages, you too can offer tailored benefits that truly matter to your workforce.

What’s more: With Benefits You app, you can connect and maximize engagement with your employees from anywhere, focus on workforce health with health and wellness updates, and providing them seamless access to a gateway of health and benefits offerings conveniently through a mobile app.

Benefits that work for your people

Every business has distinct needs, objectives, and growth plans. Our benefits specialists are dedicated to developing employee solutions that can be uniquely tailored to your organization.

Our solutions

Benefits One

  • Best for small businesses seeking ready-made employee benefits
  • Simplified underwriting and cost-effective packaged benefits 
  • Locked in premiums 
  • Available from just 1 employee
  • Access to wellness benefits 
Philippine SMEs are competing with larger employers for the same critical talent, so employee experience matters more than ever. A flexible, scalable benefits program supports people through different life stages and lets businesses broaden coverage as they grow. By aligning benefits with the market, employers strengthen their ability to attract and retain the people who deliver their strategy.
Khalid Pascua, Sales leader, Mercer Marsh Benefits Philippines

FAQs

The escalating medical costs in Asia are reducing healthcare affordability and reach for employees, widening the workforce health protection gap. SMEs are hit the hardest because they operate on finite budgets, and rising insurance premiums are creating further financial strains.

A high loss ratio occurs when an insurance company pays out a large percentage of its premiums in claims, or simply a high ratio of losses to gains, impacting premiums for businesses. Inadequate plan design, under-utilization of benefits, and low employee headcount with single large inpatient claims can disproportionately drive up loss ratio beyond the threshold, leading to a high loss ratio. 

In an environment of high premium fluctuations, especially in a bad year with high loss ratio, steep price loadings can be implemented by insurers at renewals, which undermine SMEs’ ability to provide adequate medical coverage for their workforce. It is crucial that SMEs actively align benefits with actual workforce needs and demographics to keep cost manageable and improve predictability.

Offering an attractive and comprehensive employee benefits program makes your company more competitive and enhances employee experience and satisfaction. This leads to increased productivity and helps reduce high costs associated with employee turnover. Investing in the right employee benefits program supports a motivated, loyal workforce and contributes to the long-term success of your business.

Our latest insights on benefits for small businesses

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    Request for a quote or get in touch to learn more about our benefits for small businesses solutions.