employee retention Archives

Retaining Employees with Minimum Essential Coverage Plans

July 10, 2022/in Employee Retention, MEC

Over the past two years, employees have been leaving their jobs in record numbers. In fact, this phenomenon, termed The Great Resignation, resulted in 20 million people leaving their jobs in the second half of 2021 alone. Due to mass resignations, employers are searching for solutions to successfully recruit and retain employees.
There are, of course, a variety of factors that contribute to an employee’s decision to leave or stay with a company. Today, we’ll be discussing just one of these factors: How health benefits can contribute to employee recruitment and retention.

Brokers – Build Employer Partnerships During Open Enrollment

December 12, 2021/in ACA Compliance, Brokers, Employee Engagement, MEC, Open Enrollment

Open enrollment, the one period a year where employees can sign up or change health insurance, is still in progress. Open enrollment opens nationally on November 1st and ends January 15th. Some states like California, however, extend their open enrollment period to January 30th.

It’s not too late for brokers to partner with employers to offer benefits plans. Take advantage of this opportunity to encourage employers to offer your insurance as employers can easily change and upgrade their current plans during this time. Click here to find when open enrollment closes per state.

How Voluntary and Worksite Benefits Can Help Employee Retention

February 7, 2021/in Employee Retention, Voluntary Benefits, Worksite Benefits

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.

Voluntary Benefits – Why Should You Offer Them?

January 24, 2021/in ACA Compliance, COVID-19, Employee Engagement, Employee Retention, Healthy Living, Personal, Voluntary Benefits, Worksite Benefits

Voluntary benefits, also known as worksite benefits, are an effective way to attract and retain the top employees with little to no effect on your bottom-line. These benefits are a great way to fill the void of coverage that traditional benefits don’t cover. What most employees and employers don’t realize is the effect that voluntary benefits offer to both parties.

How Have Your Employee Benefits Changed Since the Start of COVID?

September 7, 2020/in COVID-19, Voluntary Benefits

Before Coronavirus swept the world with high unemployment rates, a strain on healthcare resources, and economic strife, employers were thinking creatively about how to not only retain their existing employees but also attract the best employees with benefits. While some states have been more affected by the health concerns surrounding COVID-19, almost all have felt the effects of the economic downturn. How have your employee benefits changed since the start of COVID? Once you identify the changes, how can you begin to prepare your insurance plan for post-pandemic employee benefits to attract and retain the best employees?

How to attract the best employees: Voluntary benefits

August 17, 2020/in News

Looking for ways to attract the best employees in a market where thousands of employees have been laid off? Offering voluntary benefits adds a level of insurance coverage that many workers have not previously had access to. Benefits beyond the traditional 401(k) and health insurance are vital to attracting the right talent for your business.

The Best Ways to Keep Employees Engaged and Excited About Work

July 23, 2020/in Employee Engagement, Employee Retention, Voluntary Benefits

Keeping employees engaged and excited about work can be a difficult task for some employers. There are a few things you can do as a leader within your organization to foster employee happiness. One of the main ways is to offer voluntary benefits. Employees are looking for insurance when they are looking for a company that will serve them, but they also require additional benefits, and other creative approaches to benefits. In the article below, you will see the best ways to keep employees engaged and excited about work, and how important it is to offer more than just health insurance. At SBMA, we have insurance options that include vision, dental, and other voluntary benefits. Check out our plan options here!

How Can Vision and Dental Add Value for Your Employees?

July 22, 2020/in Employee Engagement, Employee Retention, Voluntary Benefits

Voluntary benefit plans are an important part of employee insurance opportunities. Among these voluntary benefits, vision and dental insurance are an important part of employees voluntary benefit plans. How can vision and dental plans add value to your employees’ wellbeing? Here are a few ways:

How Worksite Benefits Benefit Everyone

July 21, 2020/in Worksite Benefits

Employees can choose from a number of insurance products to complement their coverage and to help achieve a greater degree of stability. Worksite Benefits (voluntary coverage) plans may be 100% paid for by employees or cost-shared with the employer. Here’s why worksite benefits benefit everyone.

How Employee Benefits Improve Retention

July 21, 2020/in Employee Engagement, Employee Retention, Voluntary Benefits

The Affordable Care Act, enacted in 2010, ensured that everyone was able to receive health insurance regardless of if they have pre-existing health conditions or for any other discriminatory reasons. This Act gave employees the ability to leave their employers if the only reason they were staying was insurance reasons. Employees who were stuck in their jobs to receive benefits now had the opportunity to look for opportunities elsewhere.

Tag Archive for: employee retention

Retaining Employees with Minimum Essential Coverage Plans

Brokers – Build Employer Partnerships During Open Enrollment

How Voluntary and Worksite Benefits Can Help Employee Retention

Voluntary Benefits – Why Should You Offer Them?

How Have Your Employee Benefits Changed Since the Start of COVID?

How to attract the best employees: Voluntary benefits

The Best Ways to Keep Employees Engaged and Excited About Work

How Can Vision and Dental Add Value for Your Employees?

How Worksite Benefits Benefit Everyone

How Employee Benefits Improve Retention

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