Employee benefits are one of the biggest costs an employer faces, after payroll. As you look for an employee benefits provider, you will need to know the going market prices of similar employee compensation plans to be able to successfully negotiate. Shop around armed with the most information you can find about employee benefit services by keeping up with the latest employee benefits news and trends. Whether you run a small business or a large corporation, you need to invest in compensation and benefits to keep good employees.
Look for group employee benefits options by communicating with other business owners with similar needs. Find out about unique and cost-effective employee benefit plans through industry publications and business-owner blogs. Consider lowering executive compensation to offer a broader form of employee benefit packages for your entire team. Use employee benefits software to manage your company benefits and find numerous ways to keep up with employee benefits news and trends.
1. Log onto employee benefits blogs
2. Subscribe to business compensation publications
3. Sign on for email alerts from an employee benefits provider
Share employee benefits news and trends with other benefits professionalsBlogs are increasingly becoming the media of choice for many small business owners looking for quick and efficient means to communicate with other like-minded professionals. Find an Internet blog that provides trust-worthy information and attracts reliable posting participants.
Read up on changes in employee benefit servicesCompensation and benefits continue to dominate many of the HR publications available online and in hard copy print versions. While you may get email alerts from your employee benefits provider, it's a good idea to stay on top of the industry as a whole so that you can know about changes that may not be a part of your current provider's offerings.
Receive employee compensation email alertsWhile most business owners are trying to clear out their inboxes to save time, you should allow at least one information provider to get into your email with alerts about new employee benefits products and ideas. You shouldn't miss out on vital group employee benefits alerts just because you want to avoid spam.
- Make knowledge a premium in your company by charging each of your employees to read or subscribe to at least one magazine or newsletter and share employee benefits news and trends they've uncovered at staff meetings.