Employee Benefits
Running a successful business, keeping employees happy and attracting new talent can be difficult. For a busy business owner, a big part of your value proposition are the individuals that work at your company.
Employee Benefits are non-cash compensation paid to an employee.
Why employee benefits make smart business sense:
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Save money and time
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Increase the wellness and productivity of your employees
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Be competitive and attract new employees and key talent
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Provide a solid framework for the future
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Form a part of your business’ value proposition
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Increase employee engagement
There are a number of employee benefits and perks that can be valued more than pay raises:
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Health Benefits (ex. medical, dental, life disability insurance)
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Retirement/Pension Plan
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Vacation/Paid Time Off
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Performance Bonus
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Paid Sick Days
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Flexible Schedule (ex. work form home)
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Office Perks (ex. Casual dress, free lunch)
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Employee Development Programs (ex. Professional development, on-the-job training)
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Tuition Reimbursement
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Employee Discounts
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Gym Membership or Wellness Program
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Stock, Stock Options and/or Equity
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Paid Parental Leave (ex. Maternity leave, adoption assistance)
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Childcare Assistance (ex. On-site Childcare, Financial Assistance)
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Commuter Assistance (ex. Company shuttle, commuter checks)
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Diversity Program
Next to salary, health benefits coverage is the most important tool in attracting and retaining key staff. 59% of employees would rather keep benefits coverage than receive a $10,000 raise. (2011 Sanofi-Aventis Healthcare survey)
How to get started?
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Establish and define the advisor-client relationship.
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Gather information about current your employer-employee situation and establish goals.
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Analyze and evaluate current employer-employee status.
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Your advisor will develop and present strategies and solutions to achieve goals.
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Your advisor will implement recommendations.
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Your advisor will monitor and review recommendations. Adjust if necessary.
Next steps…
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Talk to us about helping put together an employees benefit package that makes smart business sense.