Why Offering Health Benefits Is Important to Your Business’ Success
Many large companies offer health benefits to employees as part of a comprehensive program to ensure the health and happiness of their workforce. It can be challenging for small and mid-size companies to follow suit – benefits can be costly and time-consuming to administer, especially when your human resources department is small or non-existent.
Consider tapping the expertise of a co-employment service such as Professional Employer Resources (PER) to help plan, implement and administer your benefits program. Here are a few of the ways your company could benefit:
- Attracting the Best Employees
As health costs continue to rise and the climate for business remains very competitive, health benefits are one of the top compensations that prospective employees look for. If you want to hire the best and the brightest, providing health benefits should be a key component of your human resources strategy.
- Building Employee Satisfaction, Loyalty, and Commitment
Health benefits are seen by many as an incentive for productivity. Happier employees are better employees. In a climate that often feels unstable and insecure, health benefits provide a stabilizing influence, especially for those with families.
- Paving the Road to Future Compliance
Providing employee health benefits is likely to become compulsory shortly. Biting the bullet now will make the transition that much smoother. If you are in business for the long haul and are in a position to offer health benefits now, it’s imperative you do so.
Providing health benefits for your employees is key to acquiring top employees, maintaining their loyalty, and future compliance. By hiring PER to shoulder the administrative burden of health benefits, your company can focus on the business at hand while keeping a competitive edge. Contact us today at 888-599-4991 for more information on our benefits administration services.