Benefits provide Employees more than a Paycheck
One of the best ways to attract and retain quality, happy employees is to offer a competitive, comprehensive benefits package. Voluntary benefits, also known as worksite or employee-paid benefits, are a cost-effective solution to help employees offset out-of-pocket medical expenses. Voluntary benefits can help your employees fill the gaps created by high-deductibles and rising co-pays, providing the financial security they need and deserve. Employees’ premiums can be payroll deducted and administration is simple.
Why offer Voluntary Benefits?
- Expanded Benefits – Voluntary benefits allow an employer to offer a more comprehensive benefits package at no additional cost that protects employees from unexpected expenses bringing peace of mind to your employees.
- Lower Attrition – Half of employees say their benefits are an important reason why they stay with their employer and 43% listed their benefits as an important reason for coming to work for their employer.1 Taking into account that 88% of employees feel the offer of voluntary benefits is an important part of a comprehensive benefits program.2
- Cost-control – Voluntary can help offer comprehensive wellness, communication and engagement, and other value-added solutions and services to reduce unnecessary costs.
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1 MetLife’s sixth annual Employee Benefits Trend Study
2“New Study Highlights How Cost-containment Efforts of U.S. Businesses Affect Employee Benefits and American Workers”. Wall Street Journal. May, 2014.