Chances are you’ve noticed that the cost of benefits is rising.
But, smart small- and medium-size business leaders know that benefits are more important to talent than ever— plus, great benefits attract great employees and keep them around
long term.
You can’t skimp.
So, you need a strong benefit offering, but how can you optimize costs? This week’s newsletter has lots of ideas.
Let’s dive in.
19 Employee Benefits That Are Actually Worth the Investment for Employers
1. Health Insurance Plans
79% of employees believe health insurance is a must-have benefit for any job. Although it's a mandatory benefit for employers with 50 or more full-time employees, some small businesses fall below the threshold.
2. 401(k) Plans and Retirement Plans
Saving for retirement is more challenging than it used to be. 55% of American workers feel behind with retirement savings, while about 25% said they haven't made any contributions in at least a year.
3. Life Insurance Plans
Life insurance plans create financial security for your employee's beneficiary if they were to pass away. This can be an attractive benefit for individuals with families.
In this episode of the TriNet PeopleForce Podcast with Michael Mendenhall, Healthee's CEO and Co-founder explains how his company’s AI platform helps employees learn about benefits coverage and savings.
“TriNet is a great option for growing businesses since it offers PEO services that can be easily turned on and integrated with its many other tools and features. For businesses that are expanding and evolving rapidly, having the option to fully outsource their HR with a single PEO solution is a great future option. TriNet is also a solid choice for employers that are already established with their accounting software since there are direct integrations in place with the most popular providers.”