Life insurance and long-term disability, part of a block known as "pooled benefits", are incredibly important in protecting your employees’ well-being long term.
Unfortunately, these benefits are often overlooked by employees because they don’t provide immediate advantages.
However, even though young recruits may not have retirement or long-term health on their radar, as they age and start families, these types of pooled benefits become excellent incentives for them to stay with your company.
Among the many reasons to offer employee benefits of this nature is your employees’ peace of mind that their families are taken care of in the case of catastrophic events.
Should you hire an advisor?
It’s becoming increasingly challenging to balance company finances while staying competitive as an employer.
In addition, the employee benefits landscape, including laws and trends, is always changing.
Hiring an experienced advisor ensures that you'll be able to keep on top of all the changes, and get the best benefits offering for your investment.
The importance of employee benefits is becoming more apparent every year, as market conditions, laws, and employee expectations continue to change.
Knowing how to balance your organization’s values with desirable employee benefits and their associated costs will put you on the path to creating a healthy, thriving team and a stronger, more competitive organization.
Wondering what makes a great employee benefits advisor? How can you choose the best fit for your company and employee needs?
Find answers in this interview with one of our experts:
7 Essential Tips When Selecting an Employee Benefits Advisor
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