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Are you just pay Lip Service?

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Are you just pay Lip Service? -

In these rocky economic times, business owners must make tough decisions to keep their businesses healthy and, hopefully, growing. Often, when it comes to budget cuts and tightening of the belt, the first thing to go or cut back are benefits.

I challenge you to think differently.

Many companies say they value their employees, but they do not follow this declaration. If If employees do not think you care about them, they care about you. In our business, we say that our people are our most important asset, and a way to show that is by providing our employees a set of generous benefits. It is a win-win. Great benefits help us attract employees who are there for the long term and keep them happy and engaged. . Happy, healthy employees are better for our company

This is part of what we offer:

  • 85% of health insurance premiums paid by employers for employees and dependents
  • 401 (k) plan with 100% employer match up to 3% of salary, then 50% up to 2% of the following compensation; postponement of the average employee 8.9%
  • 100% employer-paid premiums for short and long term disability insurance
  • 100% of the premiums paid by employer for the insurance of long-term care

now you can say, "well, we just do not have the money to do" this may be true, or can. -being a case of mistaken investment. with regard to budget time, you invest in a new roof for your building or hiring a new vendor? or are you making a direct investment in your employees making sure they have the advantages they need to stay healthy physically and financially and happy?

the key is to understand what your employees really want. Surprisingly, many times it is not more money. While people are certainly motivated by money, you can actually get a better return on your dollar by putting money toward generous benefits instead of raises. A great benefits package allows you to attract a higher level of talent and gain a greater commitment while they are at work. We also ensure that we remind employees that they have a rich benefits package, so they do not take for granted.

Altruism? ? Or better for the bottom line
We also offer something that many other companies do not: long-term care insurance benefits. We found the long-term care to be a growing concern for many employees. We pay 100% of the basic benefit, and offer the opportunity for them to pay for increased coverage and get coverage for their spouse. In addition, we searched until we found a policy that is portable. This means they will be able to access their coverage during the years when they will most likely need most of the post years of work. It is true that our society can not see a "benefit" to offer tangible LTCI because the employee is no longer working for us when using the service, but it does send an important message. Offering care insurance long told our employees that we really appreciate them now and in the future.

Our goal is to be an employer of choice. One important way we do that is by offering a generous benefits package. If you believe that people are your most important asset, you need to make the investment in them with a sufficient degree that they know that you care now and in the future.

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