Small businesses can supply their benefits packages

11.18
Small businesses can supply their benefits packages -

The perceived barriers keep small businesses to offer benefits. Small Businesses Can Power Up Benefits Packages This is the title of a recent article by Vice President MetLife Jimbo Story.

Program Benefits Myths Debunked

History has indicated that some small businesses are reluctant to offer more benefits due to several common concerns: "... in the time it takes to administer, lack of perceived value, return on investment (or lack thereof). "Then he added, [1945008"Maiscesobstaclessontdesmythes"]

history believes the administration of benefits programs may be more easier than you think "ultimately benefits should not be a headache for small business owners."

Executive Summary :. The opportunity is there

The MetLife study, which collected data from November 2015 to January 2016, defined small businesses as organizations employing 2-99 employees. the study highlights the ongoing financial pessimism among US workers and highlighted the opportunity for companies to help employees manage their financial concerns through health benefits as well as non-medical benefits.

  • employee half strongly agree the benefits they receive at work helping the less worried about unexpected health and financial issues.
  • 71% of employees consider work as the foundation of their financial safety net.
  • 62% agree that they are looking for their companies to get help in achieving financial security through social benefits.
  • 70% say customizable benefits increase loyalty to their company.

health benefits can be part of the package

small businesses can tailor benefits to meet the needs of their employees, including health benefits . The Law on emergency health care for small businesses is a bill that would allow small employers to offer HRAs qualified independent; Other health benefits choices are already available for small business owners.

Learn more about the five health insurance options for small groups in 2016.

+ Options Information = Employee Loyalty

the employees want options, and they also appreciate information to help them choose the benefits that best suit their needs. "Helping employees understand the value of their benefits by engaging communications is critical for both the employee and the workplace," said Tom Katz, MetLife executive vice president. "If employees fully understand their benefits options, they will make better purchasing decisions and in turn reduce their financial stress."

What small businesses myths you debunked? Let us know in the comments below.

Create Lovable Employee Health Benefits

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