There are many reasons employers provide their staff with employee benefits; employee retention is higher, and recruitment becomes easier and it’s tax advantageous to the business, with health and dental premiums not being taxable benefits to employees.
However, when we talk to some business owners… there is a strong sense of caring.
Many employers are protective of their employees, and benefits help provide this net of security for them. They want to look after their employees and their families.
When an employer cares, they implement benefit solutions that can help to protect against the risk of financial loss especially when an employee needs it most.
Investing in your employees’ well-being results in positive rewards.
Statistically speaking, healthier employees:
- Are more productive
- Miss less work
- Have greater satisfaction at work
Employee satisfaction extends outwards and can lift a business above its competitors.
How can I, as the employer, do that? What is important when considering a benefit solution?
This may not be surprising but the biggest barrier we experience when consulting on solutions is the balance between wants/needs and budget. An experienced advisor will know how to navigate available options to determine which benefits and level of coverage per benefit should take priority for your group.
We do this by diving into your group demographics, claims history (if applicable), and any preferences you may be aware of for your group.
An informed decision is often the right one.
Call HFG if you are in need of an opinion today.
