How to Fix High Attrition in MSMEs

A Super Simple Guide (With Zero HR Jargon)

Let’s be honest—running an MSME isn’t for the faint of heart. Margins are tight. Deadlines are tighter. And just when you finally build a decent team...

Boom. “Hi, I’ve decided to move on.” Resignation email. Again.

If your business feels like a revolving door of employees, you’re not alone. Attrition is one of the biggest silent killers for MSMEs.

But here’s the thing—you don’t always need to offer a raise or fancy perks to keep your team happy. Sometimes, it’s about giving them something far more valuable—security.

And that’s where insurance comes in.

Why Are Employees Leaving MSMEs?

Let’s break it down. People don’t always leave for more money. They leave because:

• They don’t feel secure
• Medical emergencies wipe out their savings
• There are no real perks beyond salary
• Bigger companies offer stronger safety nets

In short, they leave to feel more protected.

What If You Became the Employer Who Protects?

Imagine telling your next hire: “Along with your salary, we’ll also take care of your health cover and term insurance.”

That alone builds trust, loyalty, and retention. Because here’s a truth no one talks about: Insurance is the new perk. Especially for small teams that can’t always compete on pay.

And with ShiftRisk, these covers are fully customizable—tailored to your team size, budget, and business.

The Real Cost of Attrition

The average cost of replacing one employee is roughly six to nine months of their salary. The average cost of a three-day hospitalization? Over ₹50,000.

Now, compare that to a group insurance plan that costs just ₹500 per employee per month. It costs less than a team lunch—and it shows your employees you care.

Types of Insurance MSMEs Should Offer

(Even if you have just five employees)

Group Health Insurance Covers hospitalizations, surgeries, day-care treatments, and more. You can choose:

• To include or exclude pre-existing disease coverage
• Whether maternity cover and corporate buffer are needed
• The family definition—employee only, employee plus spouse, or even include parents

Your team feels secure. Their families feel looked after. And it’s tax-deductible for you.

Group Term Life Insurance If something happens to an employee, their family receives a fixed payout. It’s a low-cost benefit that makes a big impact—and shows you care, even after hours.

Personal Accident Cover Ideal for on-ground or field-based teams. This covers accidents, injuries, disabilities, and income loss in some cases. A safety net for the unexpected.

Why This Works

You’re not just offering a paycheck. You’re offering:

• Stability
• Support during emergencies
• Long-term planning tools
• A reason to stay beyond compensation

In today’s competitive landscape, that matters more than ever.

Still Wondering If It’s Worth It?

You can keep spending time and money hiring new people. Or you can invest in keeping the right ones for longer.

Offering insurance doesn’t just help with retention—it makes your company look more structured, credible, and future-ready. All without spending like a large enterprise.

Why MSMEs Choose ShiftRisk

We’re insurance experts who understand small businesses. No jargon. No pushy sales. Just plans that work.

• Over 15 years of experience
• Two lakh plus policies issued
• Customizable insurance plans
• Transparent process
• Based in Mumbai, serving pan-India

Ready to Build a Team That Stays?

Schedule a free consultation Or WhatsApp us at +91-97025 55550 with the message “Need help with employee cover”

No spam. No pressure. Just clear answers—and benefits your employees will truly value.

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