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Attract and Retain Top Talent Why Group Benefits are a Business Essential

Attract and Retain Top Talent: Why Group Benefits Are A Business Essential

February 21, 2024

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As a business owner, attracting and retaining talent is one of the most important aspects. A factor in creating retention means providing your employees with a group benefits package. When looking for the best of the best, the employee benefit package could be the make or break. That’s where group benefits insurance comes in – your secret weapon for building a winning team. 

Think of it this way: you wouldn’t build your house on sand, or with sticks, would you? The same goes for your employee benefits package! Your employees feel secure and respected knowing that they are taken care of financially, their health and overall well-being. 

Why Group Benefits Matter: 

In today’s competitive job market, providing comprehensive benefits such as health, dental, and vision coverage could set you apart. You will be looked on as an employer who prioritizes their employees’ health and well–being. Providing your employees with these added benefits provides them with comfort in knowing they are covered for life’s unexpected curve balls, such as medical bills and other wellness appointments. Not only do they feel secure, but they also will feel empowered to focus on their work and family, increasing engagement, productivity, and a lower turnover rate.  

Now, providing all your employees with a robust plan can seem expensive, and some are. But the long-term effects and scalability of these benefits are way more profitable in the end for you and your business.  

Unique Options to Add  

Some options to think about when creating your group benefits package include dental, vision, life, disability, and cancer insurance. When providing unique coverage options like this to your employees you are showing that you have their best interest in mind long term! No one can predict the future, but at least they have comfort in knowing they are taken care of.  

  • Dental & Vision: Covers routine checkups and promotes preventive care to reduce procedures and future medical costs. 
  • Life: Again, no one can predict the future and unfortunately the unexpected happens. A life insurance policy can provide financial security for the employees’ families in that instance.  
  • Disability: Life altering injuries or accidents can happen at any moment. Providing an option that protects you and an employee’s income if they are unable to work due to illness or injury ensures financial stability during those times.  
  • Cancer: A diagnosis that can flip your life and future upside down! The news of cancer alone can be earth-shattering, but what about the expense of it? Cancer and critical illness policies can give your employee peace in knowing that you will get some of that expense back into your pocket. 

When you offer a robust benefits package, you are showing your commitment to your employees’ overall well-being. This will create a positive work environment, build trust, reliability and will strengthen your overall turnover rate.  

Conclusion

With that being said, we know it seems daunting, expensive and a hassle to manage! But don’t let that stop you from attracting and retaining the top talent you need to propel your business! Here at Hitchings Insurance, our specialized group benefits team is here for you! They’ll make the start-up process smooth, get questions & concerns answered promptly and handle renewals seamlessly! Our technology advanced portals will help you stay connected and responsiveness is a priority. You deserve peace of mind in offering your employees the best. Work with us today and you will achieve that! 

Health Team