BENEFITS STRATEGIES
Every employee works, not just to pay the bills, but to pursue their dreams, from buying a home to paying for education to retiring on schedule. Investing in these kinds of goals helps employees remain engaged, focused and loyal to their employer.
But unexpected medical costs can derail big picture plans, since employer-provided healthcare insurance does not cover everything. While people are traditionally advised to “save more,” most are unable to set aside enough money to pay for even minor emergencies. Consider these facts:
The financial, physical and emotional distress emergencies cause can lead to disengagement, ongoing health issues and, sometimes, life-changing disruptions that directly impact productivity and employee retention. If they don’t take steps to protect themselves, employees put themselves, their familes and their dreams at risk.
Voluntary benefits can provide essential financial support when it’s needed most. With a high probability of being used, they can serve as a guardrail that keeps employees on track.
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