It's our experience and expertise working for you.
In today's business world, employees are looking for more than just a salary and reasonable job security with full-time work hours. They are also keeping a keen eye on the benefits packages that are offered by employers.
Recent studies show that "financial wellness" programs are on the rise in the business world, with some 84% of companies offering such programs and most employees being very concerned about their financial well being.
As benefits open enrollment is underway, or getting ready for the next time it is, you want to manage the process in such a way as to create a lasting positive impression on your employees.
In today's highly competitive business environment, hiring and retaining top talent on your workforce is critical to your overall growth and success. And yet, high employee turnover (low employee retention) is a disease that seems to persistently plague even some of the best companies.
Small to medium sized businesses need to offer valuable employee benefits packages to attract and retain top talent. But it's not always easy to know which benefits to offer or to find the time to run annual open enrollment periods plus ongoing administration processes.
It's always in-season to talk to your employees about their benefits package, or to prospective new employees about the "perks" they can receive by working for your company. But open enrollment comes only once a year, and that is the time when your workers will be most interested in hearing about all the benefits you have to offer them.
What are the benefits of providing employee benefits? Obviously, they benefit your workers, giving them "extra perks." But how do they benefit the employer and the company as a whole?
Payroll administration is one of the biggest hurdles that businesses, especially small businesses, must continually clear to keep their business operation running smoothly. And yet, the logistics of payrolls can make them very costly, complex, and time-consuming to manage. Any mistake or delay can cause problems with staff morale, IRS compliance, and strategic budgeting.
Most small business owners understand the potential power of a strong employee benefits package to attract and retain top talent, but at the same time, most small businesses also struggle to get employees engaged in the benefits program.
If you talk to your employees about the benefits that they would value the most, financial wellness is bound to come up. In today’s economy your employees are thinking about financial goals, whether it's purchasing a home, putting money aside for their children's education, or making ends meet now. There is a definite need for financial wellness programs, and implementing one will allow an employer to provide resources that will help employees overcome personal finance challenges.