Employee Benefits Administration Company, Clarity Benefit Solutions, Offers a Comprehensive Guide to Offering Better Benefits
Employee benefits administration company, Clarity Benefit Solutions, offers a comprehensive guide to offering better benefits.
Employers who want to attract and retain employees realize they must offer the very best when it comes to benefits. The proper mix of benefits includes a winning recipe of health, mandatory, and voluntary offerings that appeal to all your employees. It is key to survey employees to determine their needs and wants. Use these guidelines to compile the best benefits for your employees.
Health benefits. Most employers typically offer their employees health benefits. Employers who offer their employees a comprehensive plan will utilize a combination of a High-Deductible Health Plan (HDHP) with a Health Savings Account (HSA) or Flexible Savings Account (FSA).
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Paid time off (PTO). This may seem like a given, but there are companies out there that do not permit employees to take a vacation unless it is unpaid. It is essential that employees have the opportunity to relax and recharge. Some forward-thinking companies allow unlimited PTO and are finding that employees typically do not abuse this policy. Employers who adopt a similar mindset will undoubtedly appeal to fresh talent.
Retirement packages. Offering an ample retirement package will provide long-term employees with the peace of mind they deserve that their golden years will be stress-free when they are no longer working. And, newer employees will see how the veteran employees are being taken care of, which could increase employee retention!
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Continuing education opportunities. Progressive employers will offer their employees educational assistance as part of a comprehensive benefits plan. This is a win-win for employees and employers. Employees with a higher education will have the ability to contribute more to the company. Employers should consider this an invaluable benefit in the long run.
Financial counseling services. Chances are, nearly half of your employees are fretting about financial issues while they are at work. Employers should either hire a financial counselor or pay to allow employees to meet with a financial counselor of their choice. Either way, employers that demonstrate to their employees that they care about their financial wellness have a better chance to keep employees longer.
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Life insurance. This benefit is essential to employees. Unfortunately, events such as death occur, and employees need reassurance that any resulting financial burdens will be taken care of. This benefit is almost as important as life insurance.
SOURCE Clarity Benefit Solutions