Next to salary, having a good employee benefits plan is one of the best ways for you to attract and retain employees. A group benefit plan allows your employees and their loved ones to have security around health benefits.

Running a successful business, keeping employees happy and attracting new talent can be difficult. For a busy business owner, a big part of your value proposition are the individuals that work at your company.

Employee Benefits are non-cash compensation paid to an employee.

Why employee benefits make smart business sense:

  • Save money and time

  • Increase the wellness and productivity of your employees

  • Be competitive and attract new employees and key talent

  • Provide a solid framework for the future

  • Form a part of your business’ value proposition

  • Increase employee engagement

There are a number of employee benefits and perks that can be valued more than pay raises:

  • Health Benefits (ex. medical, dental, life disability insurance)

  • Retirement/Pension Plan

  • Vacation/Paid Time Off

  • Performance Bonus

  • Paid Sick Days

  • Flexible Schedule (ex. work from home)

  • Office Perks (ex. Casual dress, free lunch)

  • Employee Development Programs (ex. Professional development, on-the-job training)

  • Tuition Reimbursement

  • Employee Discounts

  • Gym Membership or Wellness Program

  • Stock, Stock Options and/or Equity

  • Paid Parental Leave (ex. Maternity leave, adoption assistance)

  • Child care Assistance (ex. On-site Childcare, Financial Assistance)

  • Commuter Assistance (ex. Company shuttle, commuter checks)

  • Diversity Program

Next to salary, health benefits coverage is the most important tool in attracting and retaining key staff. 59% of employees would rather keep benefits coverage than receive a $10,000 raise. (2011 Sanofi-Aventis Healthcare survey)

How to get started?

  • Establish and define the advisor-client relationship.

  • Gather information about current your employer-employee situation and establish goals.

  • Analyze and evaluate current employer-employee status.

  • Your advisor will develop and present strategies and solutions to achieve goals.

  • Your advisor will implement recommendations.

  • Your advisor will monitor and review recommendations. Adjust if necessary.

Next steps…

  • Talk to us about helping put together an employees benefit package that makes smart business sense.