Employee Benefits
Employees are our most valuable asset
Why you need Employee Benefits
HR is complex because employment regulations are constantly changing. Revisions to your processes, employee handbooks, and documents may be required – all taking time away from running your business. However, this must remain a priority no matter how busy you are to avoid penalties and lawsuits.
Employee benefits: why they're important
Remain Competitive
Lack of health insurance can be a deal-breaker for your potential employee, depending on their age, family, and lifestyle. If a job included benefits, some employees would take a lower salary to get easy access to health insurance
Lower Employee Turnover
The right benefits offer something for everyone in the company, regardless of their age, title, or seniority, which has a dramatic impact on turnover. A broad spectrum of wants and needs must be considered when designing benefits.
Healthy Employees
As a result of having healthy workers, you are more likely to have fewer sick days, a higher level of attention and dedication at work, and an overall higher level of productivity at work.
Tax Advantages
There are also several employee benefit programs that may be deductible, such as educational experience and qualified retirement plans. You can save a lot of money on your taxes by taking advantage of these programs, which are often overlooked as deductions.
Employee Benefits Available
- Voluntary Insurance Policies (e.g. Accident, Cancer/Specified-Disease, Critical Care and Recovery, Hospital, Intensive Care)
- Dental Insurance
- Prescription Coverage
- Short-Term Disability
- Short-Term Medical
- Mini-Medical Plans
- Fully Insured Medical Plans including: HSA, HRA, PPO, HMO, and Full Indemnity Coverage
- 401(k) Plan, 403(b), IRA
- Long-Term Care Insurance
- Life Insurance
- Section 125 “Cafeteria” Plan for Child Care, Uninsured Med. Costs
- Long-Term Disability
- Cobra Administration
Wellness & Prevention Programs
- Employee Wellness Programs
- Health & Nutrition Training Programs
- Implementation of Wellness Policies (e.g. anti-smoking campaigns and bike-to-work programs.)
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