Colonial Life, The BeneChoice Companies, Stacia Robinson, insurance, education, community, contribution, employer, employee, benefit, benefits, benefit administration, benefit administrator, life, health, accident, long term disability, workers compensation, planning, The BeneChoice Companies, workplace, employees, turnover, benefits, insurance, turnover, Stacia Robinson, Montgomery, AL, Colonial, accidental, voluntary, communicate

Benefits: 10 Key Take Aways

Over the last several weeks we went over the no or low-cost ways to make your company a great place to work. We went over many tips on what you can do right as far as offering benefits to your staff to make them want to work with you and your company. 

We talked about:

  • Why you need to look after your employees
  • Good leadership
  • Creating the right environment
  • Challenges, training and development
  • Employee perks
  • Company benefits
  • Choosing the right benefits
  • Communicating benefits correctly
  • Ways to get benefits wrong

In a nutshell, here are 10 most popular takeaways from this series on benefits.

  1. It pays to make your company a great place to work. Although base pay is still vitally important, it is not the only thing talented employees are looking for.
  2. Good leadership is vital. 27% of people who don’t trust their managers, don’t plan to stick around.
  3. Workplace culture starts at the top. To created a culture of communication, collaboration, fun and respect, the boss has to lead by example.
  4. Millennials rank training and progression opportunities as a top reason to stay in their job.
  5. Flexible working is a popular perk and could improve your employees’ productivity.
  6. Voluntary benefits enable you to offer attractive benefits at no or low cost.
  7. The benefits employees want are dependent on their circumstances and their outlook – so flexibility is key.
  8. Company-offered benefits such as accident insurance and hospital indemnity insurance can fill in the gaps in health care coverage.
  9. With paid time off plans and incentives to reduce unscheduled leave, offering paid leave can be a cheaper and more realistic option for small businesses.
  10. By effectively communicating benefits to your employees you help them understand the value of offering, which helps them get the most out of it. Voluntary benefits providers can help with this.

 

Highest regards,

 

 

Stacia

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Colonial Life, The BeneChoice Companies, Stacia Robinson, insurance, education, community, contribution, employer, employee, benefit, benefits, benefit administration, benefit administrator, life, health, accident, long term disability, workers compensation, planning, The BeneChoice Companies, workplace, employees, turnover, benefits, insurance, turnover, Stacia Robinson, Montgomery, AL, Colonial, accidental, voluntary, communicate

Companies Are Getting Benefits Right

There are some companies who’ve clearly thought about their benefits packages. They are usually the businesses you’ll see receiving rave reviews from their employees and topping lists of best places to work.

Here are a few businesses — of all sizes, covering a wide variety of industries — that seem to be getting it right when it comes to offering benefits.

Colonial Life, The BeneChoice Companies, Stacia Robinson, insurance, education, community, contribution, employer, employee, benefit, benefits, benefit administration, benefit administrator, life, health, accident, long term disability, workers compensation, planning, The BeneChoice Companies, workplace, employees, turnover, benefits, insurance, turnover, Stacia Robinson, Montgomery, AL, Colonial, accidental, voluntary, communicate

Radio Flyer
There’s a reason this toy-wagon maker has been going for almost a century. It attracts and retains employees with a wide range of great benefits like flexible working and generous maternity leave as well as some fun perks like free fitness classes.

 

Facebook
Facebook’s employee benefits are widely praised, even those they o er interns. They provide interns with a competitive benefits package which includes health care coverage and free housing.

 

PPR Talent Management
Staff at this recruiting firm benefit from unlimited paid time off, as well as salary continuation up to four weeks for personal sickness, disability, injury or medical leave.

 

Etsy
Etsy came in 6th on the 2015 Great Places to Work medium company list. Sta enjoy a great mix of quirky and practical benefits – from dog-friendly o ices (their employee directory even has a page dedicated to employees’ dogs!) to paid sabbaticals, blood pressure screening and 100% employer-paid standard medical and dental plans for both employees and their dependents.

 

Insomniac Games
Following in the footsteps of tech giants like Google and Facebook, this gaming company uses a range of unusual perks to keep its employees happy. On-site massage therapy, free lunches, fitness classes, car washes and dry cleaning services are all offered.

 

Snagajob
The company benefits are surely one of the reasons why a massive 97% of employees at Snagajob say they feel proud to work there. In addition to three free days of backup childcare a year, workers are matched up to 6% in their 401(k) plans.

 

Follow their lead!

 

Highest regards,

Stacia

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Colonial Life, The BeneChoice Companies, Stacia Robinson, insurance, education, community, contribution, employer, employee, benefit, benefits, benefit administration, benefit administrator, life, health, accident, long term disability, workers compensation, planning, The BeneChoice Companies, workplace, employees, turnover, benefits, insurance, turnover, Stacia Robinson, Montgomery, AL, Colonial, accidental, voluntary, communicate

Companies Getting Benefits Right

There are some companies who’ve clearly thought about their benefits packages.

They are usually the businesses you’ll see receiving rave reviews from their employees and topping lists of best places to work.

Here are a few businesses — of all sizes, covering a wide variety of industries — that seem to be getting it right when it comes to offering benefits.

Radio Flyer

There’s a reason this toy-wagon maker has been going for almost a century. It attracts and retains employees with a wide range of great benefits like flexible working and generous maternity leave as well as some fun perks like free fitness classes.

Facebook

Facebook’s employee benefits are widely praised, even those they offer interns. They provide interns with a competitive benefits package which includes health care coverage and free housing.

PPR Talent Management

Sta at this recruiting firm benefit from unlimited paid time off, as well as salary continuation up to four weeks for personal sickness, disability, injury or medical leave.

Etsy

Etsy came in 6th on the 2015 Great Places to Work medium company list. Staff enjoy a great mix of quirky and practical benefits — from dog-friendly o ices (their employee directory even has a page dedicated to employees’ dogs!) to paid sabbaticals, blood pressure screening and 100% employer-paid standard medical and dental plans for both employees and their dependents.

Insomniac Games

Following in the footsteps of tech giants like Google and Facebook, this gaming company uses a range of unusual perks to keep its employees happy. On-site massage therapy, free lunches, fitness classes, car washes and dry cleaning services are all offered.

Snagajob

The company benefits are surely one of the reasons why a massive 97% of employees at Snagajob say they feel proud to work there. In addition to three free days of backup childcare a year, workers are matched up to 6% in their 401(k) plans.

 

We’d love to help you create an amazing benefit plan for your staff.

 

Highest regards,

Stacia

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Colonial Life, The BeneChoice Companies, Stacia Robinson, insurance, education, community, contribution, employer, employee, benefit, benefits, benefit administration, benefit administrator, life, health, accident, long term disability, workers compensation, planning, The BeneChoice Companies, workplace, employees, turnover, benefits, insurance, turnover, Stacia Robinson, Montgomery, AL, Colonial, accidental, voluntary, communicate

Communicate Your Benefits Effectively

For employees, understanding their benefits can be intimidating. It takes a whole lot of math – probabilities, prices, copays and deductibles — not to mention trying to weigh up the other options outside of what their employer o ers. So what do they really need to know? And how can you help?

 

Make sure staff know the value of their benefits

To get the credit you deserve for sta benefits, you need to communicate effectively about what you’re offering.

 

Not many people could accurately tell you what their health care package costs their employer. Not many know that, on average, their benefits package makes up just under a third of their compensation (31.7%).29 The better employees understand the value of their benefits, the more likely they are to judge their employer as a good place to work.

 

Help people get the most out of their benefits

Most employees don’t feel informed. They don’t feel comfortable making decisions about their benefits. It’s especially a problem for people with lower household incomes. And that means they don’t make the most out of the benefits offered to them.

 

Giving people reading material doesn’t work unless they’re already engaged and enthusiastic. More likely, that email will be deleted, or the booklet will end up forgotten under a pile of paperwork. Combining these methods with more direct benefits communication is usually the most effective option.

 

Keep your staff informed. Do your employees know the value of their benefits?

 

Highest regards,

Stacia

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Colonial Life, The BeneChoice Companies, Stacia Robinson, insurance, education, community, contribution, employer, employee, benefit, benefits, benefit administration, benefit administrator, life, health, accident, long term disability, workers compensation, planning, The BeneChoice Companies, workplace, employees, turnover, benefits, insurance, turnover, Stacia Robinson, Montgomery, AL, Colonial, accidental, voluntary

“Brace” Yourself! A Great Addition to Your Benefits Package

Brace Yourself! Picture this: you wake up early on a bright, sunny Tuesday morning, you go to the kitchen and brew your daily cup of coffee and pop some bread in the toaster. You turn on the morning news as you do every other morning, and you sit at the table as you wait for your coffee and toast. Then you notice a strong, sharp ache in your tooth. You take some ibuprofen and hope with all your heart that it goes away, are at least becomes a duller pain, but sure enough, it doesn’t. You still go to work and carry on with your day, but you’re absolutely miserable. Your toothache seems to make everything hurt.

Colonial Life, The BeneChoice Companies, Stacia Robinson, insurance, education, community, contribution, employer, employee, benefit, benefits, benefit administration, benefit administrator, life, health, accident, long term disability, workers compensation, planning, The BeneChoice Companies, workplace, employees, turnover, benefits, insurance, turnover, Stacia Robinson, Montgomery, AL, Colonial, accidental, voluntary

 

You don’t want to make an appointment because it’s so ridiculously expensive.

 

Then you remember, your work has a dental insurance plan that would cover your appointment. You call and make an appointment with your dentist right away, and he can get you in. You’re so happy, and you think how you wouldn’t be able to afford an appointment if your work didn’t cover you.

 

So many people don’t have the luxury of being covered by a dental insurance plan, which forces them to overlook their dental issues. There are so many people that are quick to overlook a tooth ache and call it a minor issue, when in all reality, dental hygiene or a lack of it, has been a proven contributor of diabetes, heart disease and blindness. With this realization, many companies are beginning to offer dental coverage as part of their benefits package. In fact, ninety-six percent of employers are offering this kind of coverage to their employees, and it’s becoming a huge factor when people are considering careers.

 

As an employer, you most likely offer sick leave or a similar type of coverage, so your employees are able to get better faster and miss less work.

 

Having a dental insurance plan added to your benefits package is the same concept. With the amount of conditions linked to dental problems, your employees could miss more days than they need to because a dental package could have prevented all of it. Not good for you, not good for your employees. By covering procedures like root canals, routine cleanings, and crowns, you can save yourself and employees a lot of money with flexible plans and family coverage options.

 

What are you waiting for? Don’t miss out on a great candidate and more opportunities. Get your dental coverage package today!

Warm regards,

 

Stacia