A Recent Discussion

I recently participated in a panel discussion where employers were asking "what are some good ideas on how they can provide low/ no cost benefits to employees…how can these benefits help attract / retain employees."

I responded by saying that when I sit down with executives regarding these types of questions, I discuss the value of turn-key, voluntary opt-in plans. My company can create and customize “bundles” that best supplement an organization’s existing benefit plan. Vision & Dental are as good as some others have stated in this discussion, just be careful you are not overpaying for these services. You can get much cheaper pricing in a bundled situation. On the medical side, I strongly recommend a telemedicine product and free pharmacy card. There is also value in providing Identity Theft Protection, Pre-Paid Legal Plans and Roadside Assistance. These programs, properly promoted within, should not only enhance engagement, but reduce associate absence and result in better customer service/ productivity. If you look to do these types of programs, look for multiple payment options too…payroll deduct, employer paid or partial employer paid. I also see employers place a great value on providing employees insurance options they can purchase on their own. One employer mentioned that LTD is voluntary in their organization…I see many employers make all kinds of insurance available via the workplace intranet…Non-Occupational Disability, Term/ Whole Life, Long Term Care, Cancer Insurance, etc…. Does not cost the employer anything to provide and employees can shop right from their desk.

I do not think I could have gotten more of a fastball right down the middle.