Why Provide Benefits For Your Employees?
Installing an employee benefits package in your company will create a
more stable employee foundation and also save you money.
Assists in Recruitment and Retention of Employees
While not the only factor that a prospective employee looks for when
finalizing employment decisions, employee benefits are having an
increasing role in attracting and retaining skilled and qualified
labor. Employee benefits add value to an employee's salary.
As an employer, 100% of the cost of providing insurance to your
employees is tax deductible. This makes the cost of benefits less for
the employer, while at the same time presenting the employee with the
value of great benefits. By offering a Section 125 plan to your
employees, you provide your employees with the opportunity to pay for
any benefits premiums expenses not covered by their employer with
pre-tax dollars, and you save FICA dollars.
Offering health benefits to your workforce decreases absenteeism and
sick time by providing the vehicle for their wellness. Your employees'
benefits will pay for themselves by encouraging wellness and enabling a
rapid recovery in the event of illness or injury.
Rewarding Your Employees Boosts Morale
Providing an employee benefits program to your employees shows them how
much you value their contributions to the workplace. An increase in
employee morale tends to encourage an increase in employee
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