While the COVID-19 pandemic has spawned an unprecedented wave of unemployment, many economists are predicting a strong recovery. Those employers offering great benefits packages will have a clear edge retaining existing employees and attracting the best talent over the long haul.
Here are 5 ways to develop a top-notch benefits package that keeps employees happy and your business thriving.
As far as non-insurance benefits, a 2019 survey for Unum found the top five were generous paid time off (40%), flexible working options (30%), paid family leave (22%), gym memberships (21%) and healthy lifestyle incentives (17%). Fun perks can boost morale and set you apart from the competition. But keep in mind that they aren’t a replacement for benefits that offer protection, flexibility and a sense of security for your employees.
LifeWorks from Erie Insurance makes it easy for small business owners to offer life insurance as a benefit to employees and at no additional cost to the employer.
Lifeworks is a voluntary life insurance benefit program designed for employers to collect premiums through payroll deduction and submit to Erie Family Life on behalf of the employee. There are two plans available, Whole Life Insurance and 20-year Convertible T erm Life Insurance.
Talk to your local ERIE agent about how LifeWorks can be a key part of a great employee benefits package.
The post How to Design a Top-Notch Employee Benefits Package appeared first on Lindquist Insurance.
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