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The
benefits you offer play an important role in shaping your
relationship with your employees. You need benefits that fit your
employees' needs while allowing you to stay competitive in the
marketplace. It's never too late for employers to consider new and
innovative benefit offerings below are some to choose from:
Paid Public
Holidays: E.g.: New Years day, Labor Day, Thanksgiving, etc.
Wellness
Programs: enables employees to identify potential health risks
and learn how to make positive lifestyle changes to reduce or
eliminate those risks, and start them on the way to wellness.
Educational
Tuition Reimbursement Programs: Tuition reimbursement is one of
the most valuable and often overlooked benefits a company can offer.
Advanced education can offer more training, ideas, and skills which
companies see the direct benefit of strengthening their departments.
Employees’ who are happy, supported, and able to reach their
personal goals while working with a sense of job security, are happy
employees, which improves morale, resulting in greater work
performance.
Employee
Assistance Programs (EAP): Companies can offer four or five sessions
at no charge for services to employees for mental health, alcohol or
drug abuse assessment, child or elder care, grief counseling and
legal or financial services. EAP counselors are available 24hours 7
days a week.
Flexible
Benefits Program: Premium Conversion (Pre-Tax Premiums) lowers
your taxable income because health insurance premiums are deducted
from employee’s paycheck before taxes are calculated. Reimbursement
Accounts allow employees to set aside part of their pay each pay
period on a pre-tax basis for one, or both, of these accounts:
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Medical
Reimbursement Accounts pay for the out-of-pocket medical,
dental, and vision care expenses not covered by health benefits
plan.
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Dependent
Care Reimbursement Account to pay expenses for the care of their
child, disabled spouse, elderly parent, or other dependents who
are physically and mentally incapable of self-care.
Telecommuting:
This type of program encourages the use of telecommuting (also known
as Tele-work). In order to attract and retain a diverse and talented
work force, reduce costs, encourage affordable traffic mitigation,
improve productivity among employees to better address work and family
demands, and further goals of local, state, and national policies
and regulations such as the Clean Air Act and the Commute Trip
Reduction law.
Group Life
Insurance: These plans provide natural death, accidental death
and dismemberment coverage. Options for level of coverage depend on
the employer e.g.: one times base salary coverage for natural death
and two times the employee's annual salary for accidental death.

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