Let’s add value to your company’s employee benefits package. In surveys, 60% of employees said having a benefits package is very important when it comes to loyalty to their employer. This increases employee retention and makes for a happier, more stable workforce.
What types of products are we talking about?
Health Insurance is the base of any great benefits package. Employers have options regarding who can participate and how much to contribute. This can be done through payroll deductions, often on a pre-tax basis.
Other popular products for employees are vision & dental, disability, and life insurance. We can pick and choose which products fit best and from which insurance company. We can look at setting up a 401K, a Flexible Spending Account (FSA), a Health Reimbursement Account (HRA), or Health Savings Account (HSA) as well.
Some employers like to create different packages for different levels of employees. They might want to offer key man life or disability insurance. These protect owners from the loss of a key employee or partner. Retirement and college fund planning can be done as well through your employee benefits package.
Supplemental coverage like accident, cancer, critical illness, or hospitalization can be added as payroll deductions to help fill in any gaps your employees may have, such as a high deductible or lack of income due to being unable to work.
Let’s talk about the unique needs of your business and how to put together the right employee benefits package. Even if you already have something in place, I would love to review it and give you a second opinion.