Employees expect benefits. Employee benefits typically refers to medical, life, dental, disability, unemployment and worker's compensation, vacation pay, holiday pay, maternity leave, contribution to retirement (pension pay), profit sharing, stock options, and bonuses. A recent national survey ranked medical, retirement and dental as the top three benefits that employees want.
Employers offer a variety of benefits as a way to retain quality employees and attract new ones. Such employee benefits programs boost morale and loyalty within the company and provide tax advantages for the employer. Most professionals agree that providing employee benefits programs is necessary to remain competitive in today's business environment.
Benefits like medical or disability insurance and retirement plans, while being desirable to employees can also be costly to employers. Knowing which benefits and plans to offer your employees can be tedious. Having an insurance professional to guide you through the process and show you which offer the best tax advantages to you is very important.
Below are some of the products available, however this is not a complete list. As always, we recommend you contact us to thoroughly review the needs of your business.