If we offer benefits?
Every time a company begins to consider offering a benefits package, it is often for a number of different reasons. Although recruitment and retention are top of mind for everyone, there are many other advantages, both employers and employees sides of the coin. Employers often offer benefits begin with the hope of creating loyal employees, who choose to work in the business because they love the culture and the way they are treated.
Talk to your employees about their expectations benefits
The first step in understanding the benefits to the expectations of your employees is simple: Ask them! There are many ways to approach this task, through a simple survey, with style town hall meeting, or raising them in a those. By identifying the needs of employees, a business owner is then able to start looking for different options to help you meet those needs, and create happy employees.
take into account the needs of everyone
one of the growing trends in the vast world of benefits are benefits widely available (or customized) . For too long, one size none "group" style benefits were the status quo. How can we expect to 5, 20, or even 50 people happy with one or two products, when each individual has its own specific needs and wants. An approach to defined contribution is often a good start for consumerizing benefits in a system where the employer can simply define a contribution that the employee may choose to use a number of different options of benefits.
Give employees choice
The second piece to give control on employee benefits is access. Access to the products they need (health insurance / investment vehicles / etc), and educated professionals who can help them make informed decisions about what they buy. Group Benefits evolved because 40 years ago it was difficult to provide this type of access. Now that we are in the information age, access is accessible to everyone with an Internet connection. Ensure that employees have access to a professional, or to inquire if they choose is the key to ensure they are able to take advantage of benefits offerings.
Whatever the circumstances, it is important for both parties to communicate their needs and expectations to the other. This will help create a productive workplace happy, where people come to work with a smile.
If you are a small business owner, what questions do you have to offer benefits? Leave a question or comment and we will reply.
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