Employee Benefits
Tips & Advice to help you make your decision on Employee Benefits
Business owners sometimes mistakenly believe they cannot afford to offer benefits. Going without benefits may boost your bottom line in the short run; however that approach could stifle your business' potential for long-term prosperity. Offer the right kinds of benefits to your team, and you'll find that employee satisfaction and retention will improve.
Employee benefits typically refers to retirement plans, health life insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc. These are factors that people look for when selecting a place of employment. When you offer quality benefits, you attract the most qualified people to work for you.
Business.com helps you locate services from an employee benefits provider with excellent value, so those who work for you will be satisfied, miss fewer workdays, be less likely to quit and have a higher commitment to your company's goals. Having a great benefits package can help attract, hire and retain quality employees.
There are options for each unique business that enables efficient handling of employee benefits. Business.com provides a vast resource for finding the right employee benefits provider to suit your company's needs. Click on the links to begin your search for the provider who is right for you.
Employee Benefits News and Trends
Stay on top of employee benefits news and trendsBy Linda C. Ray 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 professionals
Blogs 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.
Try: Benefits Blog is run by attorneys so that small businesses can keep in touch with changing laws that affect the employer environment. Precepts runs a blog that is frequented by human resource professionals to discuss the issues surrounding company benefits.
Read up on changes in employee benefit services
Compensation 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.
Try: Benefit News is the online version of the popular magazine Employee Benefit News. Milliman is an employee benefits consulting firm that puts out a quarterly newsletter. On the website you also can retrieve past issues to get you up-to-date.
Receive employee compensation email alerts
While 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.
Try: Choose the best topic of email alerts that are sent out regularly by Thompson, including one on Pension and Benefits. Sign up for employee benefit plans email alerts and read other important news and information at Bnet.
- 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.
Interested in HR Management? Earn Your MBA, MS, PhD, or DBA Online.
Build A Benefits Plan With Our Integrated Services Today.
HR, Benefits and Payroll Services for Professional Services Firms
Web-Based COBRA Administration. Fast, User Friendly, & Secure!
Employee On-Demand Comp & Benefits Statements, No Hardware. Learn More
