Employee supplemental benefit program rewards help more than employees. They help employers too! There's no need to go down a roster of corporate employee benefit suppliers. Let our insurance coverage experts help you develop your employee supplemental benefit program and see an immediate increase in job satisfaction. Employee benefits such as voluntary short-term disability, vision, dental and life insurance give employees a sense of security and loyalty.
An employee's financial state can be a major factor in their life, and can directly impact their job performance. According to the Employee Benefit Research Institute 2004 Health Confidence Survey, one quarter of those surveyed say they have used up most or all of their savings to pay growing medical bills.
According to a recent Harvard study, nearly 50% of all personal bankruptcies in the United States are cause by medical bills and costly illnesses. Needless to say, a major life event of this magnitude tends to affect many other aspects of a person's life, including job performance. Our insurance coverage experts can help minimize such impacts by providing the safety net that your employees need.
The general public is becoming more aware of rising health care costs and the growing impact of 'pre-diagnosed' illnesses such as prediabetes and prehypertension. This will cause a corresponding increase in anxiety over adequate coverage for insurance, and an interest in 'gap' coverage to protect for all the instances where traditional insurance coverage falls short. By extension, life insurance is becoming a similar concern, one where adequate coverage can help create peace of mind.
Offering an employee supplemental benefit program that includes short-term disability, dental, and life insurance as well as other coverage will provide your employees with a safety net, thus decreasing their anxiety and pre-occupation with health complications as well as increasing their loyalty and job satisfaction. Employee benefits such as these can also give you peace of mind as well, since happy employees tend to be better able to focus on their jobs and less likely to engage in activities where their personal gain is at the expense of the company.
No Cost Employee Benefits can help you find the right program for your employees. Call us today at 763.746.2550!
Important Studies
Here are some additional studies that indicate how important it can be to have the right employee supplemental benefit program in place.
The Society for Human Resource Management Research's 2004-2005 Workplace Forecast found that a rise in healthcare costs was the key economic trend likely to affect job satisfaction. In fact, the explosive rise in healthcare costs has many economists believing that to be the top non-wage labor cost that threatens national economic growth. According to the study, employees in general bear more of the healthcare cost burden than ever before. This has caused a growing tension between employers and their employees illustrated by ever more common disputes over healthcare benefits.
According to the Metlife 2003 National Survey of Employers and Employees...
Seventy-six percent of employees surveyed are concerned with having appropriate health insurance for themselves and their family
Forty-three percent of respondents say that they are extremely or very concerned about long-term care financing, yet eighty-four percent do not have-or don't know if they have-long-term care insurance
According to the same study, employers rank controlling health and welfare benefits cost as their single most important benefits objective.
If you're interested in controlling costs while increasing productivity and job satisfaction, you should schedule a meeting with the insurance coverage experts at No Cost Employee Benefits today. Discover how we can help your company control costs while offering coverage that will have your employees regard you as a hero.
