Everyone Benefits From Professional Benefits Consulting

Bolstering the appeal of your business to potential new workers is a two-way street. Both employees and employers stand to benefit from a smartly developed and creatively deployed benefits package.

​Employees benefit by gaining and retaining top industry talent, which helps their business to boom and thrive for years to come. Employees benefit more directly - from the benefits themselves. But given the complexity of modern employee benefits management, it is a smart move to utilize expert benefits consulting at key points to ensure you are making the best decisions.

Why Are Employee Benefits So Important?
There are many good reasons why employers should consider employee benefits one of their top concerns. First of all, you have to provide basic benefits like workers' compensation insurance, time off (without pay) in accord with the Federal Family and Medical Leave Act, and more just to stay legal.

Second, offering benefits like health insurance, life insurance, free child care, dental and vision plans, pensions, paid vacation days, transportation to/from work, gym memberships, and profit sharing can attract highly skilled workers to your company. These types of benefits are often valued by employees as much or more than their regular salary.

Third, happier, healthier employees result when you provide health insurance, retirement plans, and other "perks" and benefits. This can, in turn, boost worker productivity and reduce the number of sick days and "skip days" your staff surprises you with.

Benefits Consulting Helps You Know What Employees Value Most
The foundation of a good benefits package obviously has to be core benefits that your employees love. But which benefits are most popular? Surveying your employees and talking to a benefits consultant can help you make that determination and still keep everything practical and affordable.

But here are 5 key benefits that have often proved most popular among employees across many industries:

• A health insurance plan. Whether it be defined contribution plan that lets each worker choose his own plan up to a set dollar amount or simply a big discount on insurance via a group plan, employees tell us again and again that health insurance is their number one choice for a benefit. And no wonder, considering the rising costs of healthcare in today's economy.
• Time off! Everyone wants to have a good job, but no one wants to work 24/7. Having reasonable flexibility in hours and a week or two off per year (and some paid days off too) is a hugely popular benefit that is always appreciated.
• A pension plan. If you can afford to start up a pension program for your workers, it will encourage top talent to stay with you for their whole career. Pensions and retirement plans (like 401K plans) are easily one of the top benefits as far as employees are concerned.
• Discounts and perks. Getting food at half price when you work at a restaurant, gas with a 20% discount when you work at a gas station, or free gym memberships when you work at a gym are all examples popular perks.
• Ancillary benefits. Things like free daycare for kids, carpooling, and exercise programs can help workers with their jobs indirectly. These can be big for employees in specific situations.

Using benefits consulting services can free up your HR department for other tasks. And it can help you form and implement the best possible benefits program for company and worker alike.

Contact Summerlin Benefits Consulting today to learn more during a free, no-obligation consultation!