Employee benefits may not be a top concern for business owners, but providing a happy, healthy, and productive workplace should be. Offering your employees benefits that meet their needs doesn’t need to feel like a burdensome, costly task because it’s not! In fact, many employees would rather see their benefits improved than be offered a pay raise. By providing your team a suitable range of employee benefits this year, you’ll find you experience more loyalty and increased productivity within your workforce.
Here are some of the benefits you can choose from for an employee benefits program through Merritt Business Solutions:
- Medical Bridge (GAP)
- Critical Illness
- Life Insurance
- Short Term Disability
- Dental and Vision
- Legal And Identity Theft Coverage
Learn more about developing a custom employee benefits program here.
Promoting a Happier Workforce
There’s no question that modern life can be incredibly stressful at times, and worrying about healthcare and insurance can be highly detrimental to your employees’ quality of life. Here at Merritt Business Solutions, we can help you set up a comprehensive employee benefits program, allowing your team to select from a wide range of options. They’ll be able to choose options such as telemedicine, critical illness coverage, dental, and vision, addressing their personal needs. By taking away this stress and pressure from their life, you’ll find that they are happier and more relaxed at work each day. In addition, of course, a more satisfied workforce offers advantages for both your employees and customers, who will receive improved customer service.
Focus and productivity work hand in hand. When your employees are stressed about health or personal finances, they will struggle to focus on the task at hand. In fact, A study by Employee Benefits revealed that 25% of people believed that their productivity at work would improve if they received perks or employee benefits. Additionally, when employees have access to healthcare through a benefits plan, they have the opportunity to get treatment for illness when that arises. This allows them to stay healthy, focused, and active in the workplace.
Attract Talented Team Members
A huge part of selecting a new position today relies on the benefits that are being offered. As we mentioned earlier, benefits often hold more weight than a pay increase for employees, and the same goes for those looking for a new job. Statistically, 4 in 5 employees prefer benefits more than a pay raise. Simply put, by offering an attractive benefits package, you can attract new talent and retain existing talent.
If you want your productivity to increase, you need your employees to be present in the first place. Absenteeism is a widespread issue for businesses today, and companies lose substantial income each year due to this issue. When it comes to taking time off work, the most common reasons for this are health and family concerns. Providing your employees with health coverage and accommodating flexible working arrangements are two of the key benefits we encourage any business to consider adding to their current offerings.
If major medical is not in your budget we can help your eligible employees get subsidies for individual health insurance through the American Rescue Plan. This can be combined with a fully managed benefits package for the best of both worlds. Contact us today to learn how Merritt Business Solutions can help develop your employee benefits program.