Given that most small businesses fail within 10 years Offering an employee benefits program is a great way for owners to invest in their business.Employees are looking for employers who provide coverage – it’s a reason to join a company – so small businesses that have an employee benefits program can attract more productive employees.
Offering health benefits is a major decision for small businesses.
Use Health as a resource to learn more about health insurance products and services for your small business and its employees.
And, since no one wants to leave a company with good benefits, it improves retention and decreases the cost of turnover and training new employees.
Over 100,000 small businesses rely on Guardian for employee benefits coverage, that’s 90% of our clients.
Running a small business, however, is filled with challenges – saving time, making money, and managing people.
On top of all that, small businesses must compete with other companies for talent and customers.But businesses with fewer than 50 FTEs are not subject to the mandate. Forego health insurance to save money and risk losing good employees, or offer health benefits and possibly hurt the company’s bottom line?Neither of these options would be good in the long run.While it’s true that health insurance premiums are on the rise, it’s still possible that a traditional group plan could be a suitable option for your business.And because we give small businesses owners access to a myriad of health insurance choices, it may be easy to find a group health plan both you and your employees can afford.But what if there were a way for everyone to win—for employees to get the health coverage they expect and need, and for you to better manage your small business healthcare costs?There are actually a number of ways this could be possible. Providing group health insurance means that you have to pay a portion of employee premiums.Some benefits are required by law, while others are pretty much expected by today’s employees.By knowing what should be included as standard employee benefits, you can create the best benefits package for your employees.Let’s take a look at these benefits: No surprise here.Health insurance is at the top of the list of what’s expected in an employee benefit package.