Why Should You Be Offering Voluntary Benefits?
Most employers plan to take advantage of Voluntary Benefits to enrich existing core benefit plans (83%) and to augment the Total Rewards package (74%).
Here’s why. It helps employers:
• Stay Competitive – 79% of 5,000 employees surveyed in a study see a growing need for voluntary insurance.
• Find the right talent – Offering benefits above and beyond the bare minimum will help in attracting and retaining great employees.
• Control Costs – Voluntary policies can be offered at no direct cost to the employer and provide cash directly to the policyholder.In turn, this reduces costs associated with turnover.
• Manage Productivity – Voluntary benefits would offer a layer of protection for employees when they’re sick or injured (regardless of their major medical insurance coverage). causing them less stress and improved productivity.
Read more about the benefits of voluntary offerings HERE.
Click HERE to get in touch with Exude about offering voluntary benefits for your organization.