Why Your Business Should Offer Voluntary Benefits

Voluntary benefits and services are increasingly important in today’s workplace and will continue to play a critical role in the ability for businesses to attract and retain top employees. Voluntary benefits expand and enhance reward packages while addressing different needs of the workforce. Filling the gaps in employees’ security, health, wealth accumulation and address unique personal needs will make a significant impact.

In addition to business insurance, Daniels Insurance, Inc. offers a number of voluntary benefits available for purchase by your business. Like insurance, these benefits are a great way to help your employees feel as though they are being taken care of. Here are a few other reasons why these are a good addition to your business.

Types and Advantages

Some of the most common voluntary benefits offered are:

  • Life Insurance
  • Vision Care
  • Disability Income
  • Dental Coverage
  • Accident Insurance
  • Critical Illness Care
  • Financial Counseling

Research shows that workers with voluntary benefits are more likely to believe their companies are great places to work and have reputations for taking care of employees.

Businesses are realizing more and more frequently how daily stresses and major life events employees deal with dramatically impact productivity. These issues can be incredibly time-consuming, especially when meetings for things like divorce need to happen during business hours. Stress from these events lead to unhealthy and absent employees, which results in revenue loss.

Voluntary benefits have become a way for employers to provide employees the resources they need every day to quickly resolve financial, legal and medical issues beyond the standard insurance offerings. Everyone wins, as improved employee wellness and increased productivity means a stronger company.

Expectations in an On-Demand World

Choice has also become a vital component of a strong benefits package. Now days employees live in an on-demand world with many options and the power to pick only the options they see as useful.

Employees seek control when it comes to benefits as well. They want a package that feels personalized. For example, a single 25-year-old doesn’t not have the same benefits needs as a married 55-year-old with children. By offering a wide range of benefits, employees can create a package to fit their current lifestyle needs. The customizations truly pay off for employers. Employees who are offered voluntary benefits are likelier to be satisfied with their job and less likely to be job searching.

About Daniels Insurance, Inc.

At Daniels Insurance, Inc., we have a unique understanding of the risks that businesses like yours face on a regular basis. With the backing of our comprehensive coverages and our dedication to customer service and quick claims resolution, your business will be fully protected. For more information, contact us today at (855) 565-7616.

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