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
- Low-cost coverage
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.
Learn more about the differences between voluntary and individual benefits, here.