Workplace benefits are one of the biggest draws and perks to employees. In fact, according to a Glassdoor survey, 60 percent of employees say workplace benefits are a significant factor in whether or not they accept a job offer. In light of this information, how do your benefits stack up, and when was the last time you spoke to your benefits broker?
Retaining and Acquiring Top Talent
If you want to retain the talented employees and acquire top talent to work for your company, you have to make it worth their while. One way to do this is to offer them great benefits.
Offering comprehensive coverage can help you improve productivity and enhance company loyalty, while retaining and attracting great employees.
However, great benefits plans come at a cost. That’s why your benefits broker should be shopping you around to get you the best price.
What Your Benefits Broker Should Be Doing
Your benefits broker should be searching to find you the best benefits on a regular basis, not just once a year when it’s time to renew. The best benefits brokers are the ones who check in with you often to see if all of your needs are being met. If those needs aren’t being met, they can then go on to shop around for better services.
Benefits plans are always changing in order to stay competitive. You should have a benefits broker who understands this and actively spends time researching new deals.
When to Get a New Benefits Broker
If you can’t remember the last time you spoke with your benefits broker, or if you only hear from your broker once a year, then it’s time to find a new one.
Some benefits brokers only check in once a year when it’s time for contract renewals. These brokers don’t have your company’s best interests at heart. If they did, they would be calling more frequently with updates and better deals for you. If this scenario sounds like the one you’re in, then start your hunt for a new benefits broker. You deserve better.
It’s good business for your company to offer great workplace benefits. Not only does it help retain employees and attract top talent, it’s just good business. Your company is only as good as its employees, and it can’t succeed without them. They should thus be offered the best benefits you can afford.
Good benefits make your company better all around, which is why it’s so vital to speak with your benefits broker regularly to ensure you’re doing everything you can for your employees and your company.