The True Value of Employee Benefits

The Value of Employee Benefits Many business owners go back and forth on the decision to offer employee benefit packages to their employees. Many owners don’t want to take on the cost of providing benefits for their employees, but what if the value outweighed the cost?

The Price of Employee Loyalty Over 40% of employees said their company loyalty would increase if they had access to benefit options that were personalized to meet their individual needs. Why does the loyalty of your employees matter? Maybe the fact that replacing an employee can range from 50% to 400% of their annual salary has something to do with it. ⅓ of American workers said they’d look for a new job with better benefits if they were dissatisfied with the benefits at their current place of employment. Some employers have already caught on to the importance of employee benefits packages, 51% of employers believe using benefits helps to retain employees.

Raise in Pay or an Employee Benefits Package? If you guessed employee benefits, you guessed right! 80% of employees would choose additional employee benefits over a pay raise. Health and peace of mind are the few things that you can’t put a price tag on!

What benefits matter the most to employees when they’re considering an employment opportunity?

How can you get these benefits and more for your employees at no cost to you? Click to schedule a consultation with a Protego insurance agent today!