Most modern organizations rely on benefits packages to attract and retain talented individuals, and enhance employee motivation.
Raising the bar on wellness programs, some benefits-conscious employers are now catering to a diverse workforce. The key to this is personalizing their benefits plans.
Conventional health and financial employee benefits plans are now a story for the older decades. A great benefits plan incorporates customization by going beyond traditional terms for medical insurances, and adding in voluntary conditions. It is essentially build-a-benefit for employees, who are no longer satisfied with the organization’s one-size-fits-all approach towards wellness programs.
A study by MetLife found that employees look for diverse benefits experiences. 58% of employees want the benefits plans to be fitted to their personal specifications and preferences. It is a practice that not just adheres to the human factor, but makes it more malleable.
Customization In Care
Voluntary benefits are essentially endorsed by the organization, but selected and paid for by the employees. These include a wide range of supplemental medical coverages.
Voluntary benefits can be group rated if your organization has a larger employee base, or individually rated if the number of employees is consists of a limited group.
While it may seem complex to add custom layers to your usual benefits program, it is actually relatively simpler, providing you choose an experienced consultancy firm.
Your HR partner can analyze the way your organization works, and handle the entire process. This includes obtaining the forms, insurance cards, claims, and customer services. The insurance premiums are adjusted in the employee’s paychecks, and the taxes applied.
Fit To Favor
The primary advantage of a voluntary benefits program is that it can be altered according to employees’ lifestyles. For instance, a health benefits program that caters to single individuals will not be optimal for an employee once they get married and have kids.
A voluntary benefits program can be integrated which both traditional and non-traditional benefits. Traditional benefits cover the usual—medical, dental, vision, and group life. Other benefit you can add to your program can include:
- Life Insurance
- Disability Insurance
- Long Term Care
JS Benefits Group has a meticulous approach towards customizing employee wellness programs for businesses in Pennsylvania. In order to incorporate creativity in the process of creating employee benefit plan, we evaluate your employee culture, and streamline the management of your health and wellness benefits.
Benefits are an integral part of a productive workforce. Reach out to us today to let us help you add value to your welfare practices.
