Some growing and small business owners mistakenly believe they cannot afford to offer benefits. While not doing so may boost a company's bottom line in the short run, that penny-wise philosophy could stifle long-term prosperity.
A benefits package attracts top talent and encourages employees to feel good about where they work and want to stay. Heading the list of what they feel they must have? Medical insurance. Many also demand coverage for dental and vision care, disability insurance, and life insurance.
WHAT DOES AN EMPLOYEE BENEFITS BROKER DO?
Not all employee benefits brokers are equal. Some may work for one organization and therefore steer you only through choices from that provider. Others may not be tied to multiple providers but may only specialize in one type of benefit. Find out what an independent broker with 35+ years of experience, knowledge, and expertise can do for you.
TOP EMPLOYEE BENEFITS TO ATTRACT AND RETAIN THE BEST EMPLOYEES
There are many reasons why you would want to offer employee benefits as a part of employees' total compensation packages. Here are 6 top benefits potential and current employees find most attractive.
MANDATED EMPLOYEE BENEFITS
While employers largely have discretion to choose which benefits to offer their employees, some benefits are also regulated by law. One benefit required by federal law to provide is COBRA (Consolidated Omnibur Budget Reconciliation Act). Read article to learn more about COBRA
EMPLOYEE GROUP ENROLLMENT GUIDELINES
Once you have an employer group health plan in place, you need to manage all the details of signing up and dropping employees. Click on the link below for a general outline of the guidelines you need to understand.
Ed Van Hal will assist you with the complexities of compliance, contribution requirements, participation, and enrollment