Female Employee Accepting Job Offer
Chad Norgard No Comments

Employer benefits are one of the biggest considerations for employees and job hunters. Many of the most satisfied employees have cited benefits as the top reason for their satisfaction and one of the biggest reasons they accepted the job in the first place. Many workers are even willing to accept a lower salary in exchange for an excellent benefits package. 

What are the best benefits an employer can offer? Consider these key benefits:

Health insurance.

This one may seem obvious, but not all employers offer health insurance. Getting health insurance through your employer is usually a more affordable option as group coverage often comes with lower premiums. It can be difficult to find individual low cost health insurance that is worthwhile and covers the medical expenses you need to have covered. Most group health insurance plans also cover your children and other dependents. Employee wellness programs can help reduce group health insurance premiums making it more affordable for employers and employees.

Dental insurance.

Woman Holding Her Jaw in Dental Chair

Another important benefit that is not always offered by employers is dental insurance. Everyone needs basic dental care and some require more advanced dental care. Unexpected dental work can set someone back thousands of dollars. By offering dental insurance that covers preventive care to your employees, it may prevent or reduce the need for more expensive dental procedures.

Plus, should a procedure be necessary for an employee, having dental insurance can really help them with their dental expenses. Imagine the sigh of relief and gratitude from your employee as she realizes the financial impact of her employer investing in dental care.

Vision insurance.

Hardly anyone has 20/20 vision these days and most people require corrective lenses of some kind, either glasses or contact lenses. Without proper vision correction, employees may suffer from a lack of productivity and even sustain headaches. Surprisingly, vision insurance is a perk that not all businesses offer to their employees. Offering vision as a benefit helps to attract more qualified, highly talented employees.

Life insurance.

Most employers offer life insurance to employees. Most plans are tiered, allowing employees to select the amount of coverage they wish to purchase. In many cases, employees can add additional life insurance coverage for a spouse and/or children. 

Disability.

Hand in Bandage at Doctors Clinic

Salaried employees are typically offered the benefit of disability insurance from their employer. Hourly employees may have the option to purchase disability coverage from their employer, but the coverage is not always guaranteed. 

 

 

 

 

Retirement benefits.

In most cases, retirement benefits are offered in the form of a 401(k) plan. Employees can decide how much they wish to have deducted from each paycheck pre-tax in order to save for retirement. Employers often match each employee’s deduction up to a certain percentage. 

Flex Spending Accounts (FSA).

A flex spending account is designed to supplement an employee’s health insurance coverage. Employees can allocate funds to their FSA account from their paycheck pre-tax. The funds are available at the time the employee becomes eligible for benefits, but whatever is not used during the year cannot be carried over. FSA accounts can also be used for dependent care. 

Health Savings Accounts (HSA).

Similar to an FSA, a health savings account is a savings account the employee can allocate funds to pre-tax to use for any health-related expenses. The main difference is that there are no funds available up front. The employee can only use what has been put into the account up to that date. The good news is that HSA funds can be rolled over from year to year. 

Paid time off.

Vacation time and sick leave are important benefits for employers to offer. In many cases, the hours allotted to paid time off are combined as a total amount of PTO. Whether you call in sick or go on vacation, the reason is no longer necessary to report to most employers. Many employees appreciate this benefit because if they don’t get sick very often, they can still make use of their paid time off in other ways. 

Maternity and Paternity Leave.

Time off for mothers has been a benefit that most employers have offered for many years now. Some employers consider it short term disability and others offer a separate maternity leave option. Paternity is growing in popularity, as fathers are petitioning for paid time off to spend with their newborn child and their spouse. Offering maternity leave is more likely to be standard, but offering paternity leave will make a positive impression on potential employees. 

Bonus Benefit: Medical Identity Theft Protection.

Sadly, Medical identity theft is becoming a common occurrence. Identity thieves will use personal information, such as names, insurance group numbers, and other items to gain access to other people’s insurance coverage. Many employers now offer identity theft protection services as a benefit. Not only does it protect the employee, it also covers the employer who can avoid losses that could result from a case of identity theft.

Offer Your Employees Top Notch Benefits from Norgard Insurance Group 

If you’re an employer looking for group benefits for your employees, Norgard Insurance Group offers a wide range of benefit options for you to consider offering your employees.  Receive a free consultation and quote for employer benefits today!

In fact, your company may have the opportunity to save on group health insurance from now until December 1, 2020. Companies with between 5 and 50 employees can save thousands of dollars on group benefits.

Call (813) 454-5072 today or contact us to get a quote. We can make it easy for you to recruit highly qualified, talented employees with an excellent benefits package.