Tag Archives: employee benefits

How Employee Benefits Insurance Builds Trust

Posted on by

When it comes to employee benefits insurance, it’s crucial to create a policy that fosters trust within the workplace. The benefits package should reflect your commitment to the well-being of your employees. The Saucon Insurance Agency of Bethlehem, PA team can help you craft an employee benefits insurance policy that instills a sense of value and trust.

Building a Comprehensive Benefits Package

To build trust with your employees, you must understand their needs from a benefits insurance policy. A comprehensive benefits package that aligns with your business strategy is essential. However, retaining talent can be challenging, as competitors are offering competitive employee benefits insurance packages. Therefore, it’s important to evaluate your coverage options and ensure they keep employees engaged and help you reach your business goals. This can be achieved by tailoring a benefits package that meets your workforce’s specific needs and preferences.

Reducing Your Employees’ Financial Stress

Every employer’s goal is to alleviate their employees’ financial stress. However, many fail because their employee benefits insurance policy does not offer the right programs. Consider offering personal financial coaching workshops that educate your workforce on creating a home budget, managing debt, and planning for retirement. These personalized programs should include access to financial advisors who can advise on plans that are alternatives to traditional banking options. Your benefits insurance policy should foster open communication, making your workforce comfortable discussing financial stress.

All employers aim to create a work environment that their employees are proud to be a part of. Having a quality employee benefits insurance policy can help build trust with your workforce. The Saucon Insurance Agency of Bethlehem, PA team can create a package that protects everyone’s interests. Call and schedule an appointment today.

How Do I Know If I Provide Competitive Employee Benefits?

Posted on by

If attracting new employees is a challenge, one aspect of your business that you should review is the employee benefits you provide. While salary or hourly rate is a critical component of most employee benefits packages, the rest of your package and the flexibility offered to employees can significantly impact your ability to hire the best people available. If you have questions about employee benefits insurance, contact the Saucon Insurance Agency, serving Bethlehem, PA.

Understanding Employee Benefit Packages

Before assessing the competitiveness of your employee benefits, let’s confirm the primary elements of those packages. Generally, employee benefits include:

  • Salaries, wages, and tips
  • Health, dental, and vision insurance
  • Paid vacations and holidays
  • Educational assistance
  • Retirement benefits, such as a 401k
  • Wellness or lifestyle benefits (work-from-home, flexible hours, and mental or physical health assistance)

Many other benefits may apply based on location, workforce, and other factors.

Comparing Employee Benefit Packages

You have low or no-cost tools available to assess the competitiveness of your employee benefits package, including:

  • Ask Employees and Prospective Hires: Ask your employees about their preferences and needs, and do the same when interviewing potential employees, especially those who choose not to join your team.
  • Compare to Peers: Compare notes with others at industry events, local service organizations, or Chamber of Commerce events. Your suppliers can provide you with helpful information as well.
  • Employee Benefits Consultants: Discuss your situation with experts in the employee benefits industry.

Working with the Saucon Insurance Agency

The Saucon Insurance Agency serves the personal and business insurance needs of those in the Bethlehem, PA, area. Let us create an insurance plan to protect your business. Call us today at (610) 868-1800 or stop in to discuss your insurance options.