What are Voluntary Benefits?
Well to start they are exactly as described, 100% voluntary with no requirement or participation level implied. Now some voluntary benefits are restricted to larger organizations employing hundreds or more while others are open to any and all companies.
Let's take a look at some of the available types of voluntary benefits:
* Supplemental/Voluntary Life Insurance
* Short Term Disability
* Long Term Disability
* Accident/Critical Illness Insurance
* Home & Auto Insurance
* Dental
* More...
As an employer you should ask yourself why would a voluntary benefits program be useful to myself and my organization, after all time is money. Over all a volunatry benefits program has very few cons outside of a few hours of your time and perhaps so communications with your staff and employees. The programs are always free to the employer and can add to your companies overall benefits selection.
A thing to remember: EVERYONE IS DIFFERENT & SO ARE THEIR NEEDS
One of the greatest assets of having a program is that you can offer a flexible array of coverages to be taken by employees as their needs see fit, and moreover the program offers portability just in case a concern is brought regarding the return on their investments.
Employers across the country have moved into a heavy demand for voluntary benefits and it looks like they are here to stay. Voluntary Beneftis are a mandatory neccessity to any thriving business, allowing higher retention, employee morale and overall better recruiting. With unemployment constantly creeping and the savvy employees/key personel always keeping an ear to the floor you can't afford not to offer a program in voluntary beneftis.
With no direct cost to your bottom line why wait? Contact us for more information on how you can better arm yourself in a growing and fierce job market: Adam@jaknappagency.com or http://www.jaknapp.com/
Looking toward the future...
Adam Griggs
VP - JA KNAPP
No comments:
Post a Comment