How Voluntary/Worksite Benefits Can Help Employee Retention
Attracting and retaining the best employees is likely of the utmost importance to you and your business. There are many ways to show your employees you care. One of the most effective ways is through offering voluntary benefits as part of your health insurance plans.
About 60% of employees say benefits are “very important” to how they feel about their job and their company. Employees that feel satisfied with their benefits are more likely satisfied with their jobs.
Benefits have always been a key factor in employee retention and satisfaction. Therefore, it is important to offer your employees the benefits package that they want and need.
Why do employees request voluntary/worksite benefits?
There are a few reasons employees request voluntary/worksite benefits with their company. Here are a few reasons we’ve found employees request these benefit programs:
The pre-taxed premiums
The benefits are payroll deducted
They have quick claims turnaround
As you know, workplaces are diverse, meaning your employees need benefit options that can be tailored to their lifestyle. In order for voluntary benefits to be an effective aspect of your employee retention strategy, your employees need to utilize them. At SBMA, we believe in offering employees voluntary benefits they want and need.
The voluntary benefits we offer our clients include accident insurance, term life insurance, critical illness insurance, and hospital indemnity insurance.
Accident insurance helps you pay for the medical and out-of-pocket costs that you may incur after an accidental injury.
Term Life Insurance
Term life insurance is an affordable way to provide financial protection for your loved ones during your working years.
Critical Illness Insurance
Critical illness coverage adds a safety net for under-insured persons.
Hospital Indemnity Insurance
Hospital indemnity benefits can offset high deductibles and out-of-pocket expenses. This ensures a hospital stay does not become a financial crisis.
At SBMA, we understand how important it is for your employees to have the care they need. This is why we offer our clients voluntary/worksite benefits that your employees want and need. Contact us today to see how we can help your employees get the healthcare they need.