Employers Valuing Employees

As any business owner knows, the right people are hard to find and can be even harder to keep.

Salary & wages are usually all that is measured and compared between employers' offerings, so smarter employers are now looking to develop a "total remuneration package" that takes account of life & family needs other than simple cash. 

Group insurance plans can offer anything from a cut-down medical benefit to a full health insurance plan, income protection benefits, and life & trauma insurance.

Such offerings are powerful attractants to potential staff and can make the recruiting process significantly more successful. Such additional non-monetary benefits provide employees with an enhanced sense of value and so foster stronger loyalty.

As well, the cost of providing such benefits to a GROUP of employees generally runs at around 60% of what the same benefits would cost an individual buying the same in the retail market - so the perceived value is greater than the net actual dollar cost. As well, these can be often be put in place with no medical questions and pre-existing conditions covered. That's a big plus.

If you wish to now more about how a Group Insurance Plan can enhance your Employee Value Proposition, drop me a line.

We'd be happy to work through the options and structures available with you and develop Budget Estimate.

Mike King

James Michaels specialists in workplace benefits

Original Article - https://www.linkedin.com/pulse/employers-valuing-employees-mike-king?trk...

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