The Importance of Employee Benefits

It’s difficult to lure employees to come and work for you. Often, job seekers focus more on Employee Benefits than they do their actual salary. This means it is of the utmost importance for you to offer a quality benefits package. Otherwise, you miss out on the possibility of good candidates because they have chosen to go work for another company.

Health Insurance Isn’t Enough

The first step in offering employee benefits is to look at insurance. Health insurance is essentially required because of the Affordable Care Act. This means employees can get this anywhere they go. You have to distinguish yourself from other employers. As such, it’s important to explore dental and vision insurance policies as well. This makes it easier for employees to have full coverage on what they need to put their health first.

The type of insurance you offer also matters. There’s more to life than just standard HMO policies. There’s also PPO policies. HSAs, also known as health spending accounts, are also becoming more common. These allow employees to visit the doctor and have co-pays deducted from their spending account. It’s an affordable option and they are consumer-driven. What’s more is that employees have the potential for increasing what’s in their HSA by being healthier, participating in wellness programs, and answering online surveys.

Healthy Employees are Happy Employees

Wellness incentive programs are gaining in popularity. You can find great programs that allow employees to be healthier than ever before. Whether they take a health assessment, an online seminar, or something else, employees earn points. The points are then redeemed for various prizes, which could be gift cards or something else.

The programs don’t have to be complicated. Many companies don’t have them in place because they assume they have to do everything on their own. However, third parties are stepping in to provide the wellness incentive programs. This means that all you have to do is determine what your employees need. When you customize your program to keep employees happy and give them what they ask for, employees are healthier and happier. Happier employees are also more likely to increase productivity across the board.

Educating Employees

Wellness is not always sensible. While you might think everyone knows about how to lose weight, how to quit smoking, and generally how to be healthy, this is not always the case. Health education classes teach your employees what they need to know about various hot topics as it comes to health.

You don’t have to guess at what employees do and don’t know, either. Instead, they can choose which classes they want to enroll in. The classes can even be taken online, providing a significant amount of convenience. Employees will also have you to thank for all of their new-found information on the different topics, so it’s only going to help you in the long run.

Think Outside the Box

Just as you interview candidates to see who the best person is for the job, candidates are doing the same with employers, even before they complete an application. You need to beat the competition. By thinking outside of the box, you’re able to offer more services to your employees, including community volunteer programs, transportation programs, family work programs, and more.

Employee benefits are constantly evolving. As long as you keep up on what’s out there and you change your employee benefit packages from time to time, you’re able to meet the needs of your employees. It might help you to attract more candidates as well, allowing you to get quality employees starting inside your operations.

Contact us today if you still have questions about your January Renewals and find out how you can offer better Employee Benefits within your company.

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