What Do I Need to Know About My Workplace Benefits Policy?
According to the Bureau of Labor Statistics, 80% of American employees receive some form of benefits from their employers, either in whole or in part. The most common forms are medical insurance, paid sick leave and paid holidays. Many large employers also provide retirement plans, life insurance and tuition reimbursement.
Having a comprehensive benefits package can also help relieve some of the stress experienced by employees. And because most employers offer their staff coverage through work, choosing the right one has even more importance as it affects your workforce as a whole. In many cases it’s the first benefit an employee receives from their company, making it a critical factor in attracting and retaining talent.
Despite the peace of mind offered by workplace benefits, it’s important for both employees and employers to understand exactly what is being paid for. Benefits can be confusing, which is why small business owners need to familiarize themselves with how they work. They should also know whether or not their company is capable of providing adequate coverage.
Building a benefits package that attracts the workers you need while staying within your budget might seem impossible, but you have help. We can walk you through the process and help you determine which carriers can provide you with the best rates. Consultations are free, click below to schedule yours today!
