A big factor many people look at before accepting a job is the benefits offered. There are four main benefits most employees will expect to have: medical insurance, life insurance, disability insurance, and retirement plans. On top of those, many people will also inquire about additional benefits like vision, dental, FMLA, and more.
Offering benefits to your employees is extremely helpful to both your employees and your company. You want your company to be a place that they feel comfortable to excel and grow; offering benefits that help in a time of need show that you care and value your employees and their future.
Employees who are happy with their job and loyal to the company are essential to every business. A good employee benefits package can attract and retain good employees. It can also help reduce turnover leading to a strong, stable work environment. Benefits have been shown to boost productivity by helping ease the worry of finances and medical expenses.
When it comes to choosing the right benefits to offer employees, there are several different types of benefits. The most important benefits to offer are those that support their personal and financial health, with the top of the list being healthcare. Under the Affordable Care Act, companies with more than 50 employees are required to provide health insurance to 95% of full-time employees. Not only does offering healthcare eliminate financial stress, but it can also increase physical wellness through regular checkups.
Much like health insurance, life insurance, disability insurance, and retirement plans can attract and help retain employees while taking the stress and worry from them, allowing them to focus on their job and family. Offering a healthy work-life balance through benefits is another great way to get and keep quality employees. Paid time off, flexible hours, and vacation days can refresh your employees, boost productivity, and create a happy environment.
While it is vital to protect employees, it is also essential for employers to protect themselves. Having good insurance, such as employment practice liability insurance, for hiring and employing, is important for employers to consider.
There are a variety of options when it comes to employer insurance. At Collins Insurance Agency, we want to help you choose the right plan for your company. We know that ensuring your business is a big responsibility and decision, and it affects everyone at your company. Our agents would love to talk with you about your business to help you determine the best needs and benefits for everyone involved. Visit our website or contact us with any questions you may have.
