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As open enrollment season approaches, most companies are looking to enhance their benefitspackages without breaking the bank. Voluntarybenefits offer an excellent solution, providing added value to employees, at little to no cost for employers. Ask your CorpStrat representative about voluntarybenefits for your team.
Voluntarybenefits give employees the opportunity to further customize their benefitspackage to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings.
Both employers and employees have much to gain from a solid voluntarybenefits program. For employers, offering a range of voluntary insurance products can help increase employee satisfaction – along with loyalty and morale – and make the business more competitive in attracting and retaining the best talent.
A strong employee benefitpackage can go a long way. Employer benefitspackage is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. What do you want to achieve with the employee benefitpackage 2. Overtime pay 3.
Hospital indemnity coverage is generally offered as part of a voluntarybenefitspackage, and often at little or no cost to the employer. Employees pay part or all of the premiums via payroll deduction. We can help you customize your voluntarybenefitspackage and coordinate it with your existing group medical offering.
Offer VoluntaryBenefits. More than ever, employers need to build a robust package that includes things like voluntarybenefit programs. Be sure you build a comprehensive overview of your entire benefitspackage. Tell Your Story. Tell it loud. Not just singular pieces of health and 401K.
One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefitspackage that works best for them. Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis.
VoluntaryBenefits. VoluntaryBenefits, commonly referred to as AFLAC, can help employees maintain their income by paying cash benefits directly to them. Employees can use these cash benefits to help cover rent, groceries, and other daily living expenses while they’re out of work.
Your employees may use their hospital indemnity insurance benefits to cover deductibles, copays, out-of-network costs and other expenses associated with a hospital stay. Making hospital indemnity insurance part of your worksite benefitspackage can be helpful for several reasons. Is your worksite benefitspackage well-rounded?
Voluntary or Employer-Sponsored Options This product is flexible. It can be offered as a voluntarybenefit, allowing employees to opt in if they choose. Alternatively, you can sponsor the plan fully or partially for a select class of employees, giving you control over the costs while enhancing your benefitspackage.
If you listen to what your employees actually want, you can present them a Benefitspackage that’s creative and fresh. Revisit your benefitspackage. Make sure there is a full array of products including things like financial planning, legal, and VoluntaryBenefits. Employees like choices! Go Digital.
Eligibility for Social Security Disability Insurance benefits is based on work history and payment of payroll taxes. Group disability insurance benefits are provided by employers, often on a voluntary basis. The employer may pay for the premiums, or the employee may pay, often via payroll deductions.
Being able to offer a comprehensive benefitspackage that goes beyond traditional medical, dental and vision plans is one way we can help them differentiate themselves,” said PeopleStrategy CEO, Randy Cooper.
Employers wishing to provide legal services as an employee benefit typically have two primary options: Standalone Legal Services Benefit: Legal insurance can be provided as a voluntarybenefit, with employees covering the cost through payroll deductions.
The Convenience of Payroll Deductions When supplemental life insurance is available through work, employees often pay for coverage using payroll deductions. Offering a good benefitspackage that includes supplemental life insurance is one way to reduce financial stress to help employees focus on their jobs. Learn more.
However, many workers will be happy to receive coverage, and for these workers, pet insurance can be offered as a voluntarybenefit. This arrangement allows for workers to pay for premiums through convenient payroll deductions, and they may also benefit from group rate discounts. Higginbotham can help. Learn more.
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