Has your company lost a key employee to a competitor?
Rising health care costs are presenting challenges to employers. One way for an employer to defer some of this cost is by offering voluntary benefits to their employees. Programs such as supplemental group benefit plans allow employees to choose which benefits they think would be most beneficial. Offerings such as short-term disability, accident indemnity, critical illness, cancer care, and legal expense and identity theft protection help solve individual areas of need. These benefits can be paid for by the employer, employee or by a percentage of each.
Attracting and retaining highly experienced key employees is a concern to employers. Highly skilled employees are often targeted by other larger companies. Implementing a strong executive benefit program allows the employer to retain these employees. Programs such as deferred compensation, additional individual disability income, individual long-term care and employer paid life insurance allows the company retain the talent that it needs to be competitive.