Why offer a benefits package?
Get The Best Employees and Keep Them!
No matter the size or makeup of your organization, your employees are the backbone of your business. By offering a sound benefits package, you are able to attract and retain highly qualified and skilled individuals. While health benefits are not the sole reason a person accepts a position, benefits do play an important part in a candidate’s decision making process. Oftentimes, benefits receive equal consideration alongside other factors such as salary and location. In many instances, prospective employees will not even consider accepting a position with a company that doesn’t offer health coverage.
Receive Tax Deductions
Employers are entitled to receive an income tax deduction for the contributions made toward employees’ insurance costs. This could result in the out-of-pocket expense being far less than the value of the insurance benefits to the employee.
Maintain Compliancy
Ensure that your business is compliant with applicable laws, and that you are up-to-date on changes in laws and regulations related to benefit offerings.
Improve Employee Attendance
If your employees are well, your business runs well! Sick time and other medically-related work problems can be offset by the cost of insurance benefits. Losing a skilled employee, even for a few days, can result in excessive costs for a company, which can far outweigh the costs of the health premiums themselves.
Increase Employee Loyalty
Create a culture of collaboration, and prove to employees how much you care with a benefits package that benefits both you and them! Employees appreciate a company who provides insurance for them. At NBG, we can help your organization by providing employees with additional support when they make use of their benefits. This support strengthens the employees’ connection to the organization and naturally increases their loyalty to you.
If you need to develop or revamp your employee benefits package, contact us today, and show your employees how much you care for and about them.
At NBG, we can help your organization by providing employees with additional support when they make use of their benefits. This support strengthens the employees’ connection to the organization and naturally increases their loyalty to you.
Throughout the year, we will monitor contracts, Summary Plan Descriptions, and amendments for accuracy, and will keep you updated on any changes or modifications. We will provide guidance on any changes with the Affordable Care Act and any mandates that pertain to your business and your workforce.
NBG will serve as your liaison between your workforce and the insurance company/vendor to resolve questions and requests.
In other words, we aren’t just there during open enrollment, we will assist in navigating the insurance company’s resources to help resolve any issues that may arise, answer questions, and provide support throughout the year.