Employers who offer benefits to their employees are much
more likely to hire quality employees and retain the employees they already have.
Group health and life insurance benefits
are an important part of job security for the employee and a step toward avoiding
unnecessary turnover for the employer. Frequent turn over and having to constantly retrain
new people is a drain on resources for the forward thinking employer.
Employer Sponsored Group Benefits can be a package
containing several benefit offerings or it can consist of only one offering. Standard
plans can be offered & sometimes custom plans can be designed to meet the specific
needs of a firm.
Group benefits
packages can include:
- Group Health Insurance
- Group Dental Plans
- Group Vision Insurance
- Group Life Insurance
- Group Disability Insurance
- Group Long Term Care
- COBRA Administration
- 401 K Plans can be put in place
There are legal issues surrounding the setting up of a
group benefits package. There are participation requirements by employees and contribution
requirements by the employer. There are special considerations when you have multi-site
employees.