Voluntary benefits: The win-win solution in every economy. Every business needs to contain costs, whether the economy is good, bad or in between. And one of the most problematic cost centers is employee benefits. With the cost of benefits demanding more of the Human Resources budget, how can companies continue to afford to offer a comprehensive benefits package that will attract and retain the most qualified workers?
The answer is voluntary benefits.
Voluntary benefits are 100% employee-paid insurance plans offered at
affordable group rates and paid through convenient payroll deduction. Employees
appreciate the ease, value, and flexibility of choosing for themselves.
Deciding to offer a voluntary program aids both the employer and employee. The employer wins by offering a tailored plan of benefits employees want and need without bearing the additional premium expense. The employees win by purchasing insurance coverage that satisfies their needs.
The coverage employees want at little or no
cost to the employer.
Employers can offer voluntary term life, accidental death and
dismemberment, or disability insurance in any combination...