Category: Benefits

Benefits

Top 20 Great Perks For Employees

Employees are a company’s greatest asset. More than just carrying out daily tasks, employees represent their company’s brand. With that being said, many of the most successful companies receive recognition because of the actions and behaviors of their employees.

In order to attract and maintain high-quality talent, employers have begun to offer employee perks. In fact, 4 in 5 employees want benefits and perks more than a pay raise. Coupled with a great benefits package, great perks for employees keep employees engaged and excited about what they do.  

Employee perks boost company culture and build morale. So, what are the top perks for employees? Below, you’ll find a list of great perks for employees from America’s most successful companies. Employers and employees alike are sure to find their favorite employee perks from this list!

Enjoy our list of the top 20 greatest employee perks.

1. Paid Sick Days

Everyone gets sick. A company that offers paid sick days realizes that some things cannot be controlled. So, letting employees relax and take care of themselves without the fear of losing money is an excellent employee perk. Furthermore, an adequate healthcare plan shows employees that the company cares about their well-being.

2. Vacation/Paid Time Off

This survey found that the second most-desired employee perk is vacation and paid time off. A few days out of the office lets employees recharge their batteries, and a break from the hustle and bustle of the work day is great for employees who are stuck in a rut.

3. Performance Bonus

Who doesn’t love a little extra cash in their pockets? Offering a performance bonus encourages employees to work hard and exceed goals. Performance bonuses increase job performance and minimize turnover rate.

4. Flexible Schedule

A flexible schedule allows employees to set a schedule that works for their lifestyle. This perk is ideal for those employees with a long commute so they can avoid traffic, or parents so they can get their kids to and from school, just to name a few. A flexible schedule can also mean working remotely for some employees, a perk that is becoming increasingly popular in the workplace today.  

5. Wellness Programs

Wellness programs vary per company. These programs include fitness courses, yoga, wellness coaching, and on-ground gyms. Wellness programs are beneficial because they promote health and employees can save money.

6. Free Meals/Snacks

Some of the most successful companies offer free meals and snacks to their employees. There’s nothing like an afternoon pick-me-up in the form of an ice cream cone or free coffee. More so, providing meals encourages employees to eat together and grow in community.

7. Stock Options

Empowered employees are engaged employees. A way to empower employees is to offer stock purchasing and trading opportunities. Companies like GoDaddy are praised by employees for their stock options. Employees are natural brand ambassadors- especially when they own a part of the company.

8. Child Care Assistance

Now more than ever, the workforce is saturated with working parents. Child Care assistance is a great perk for employees with children. Complimentary child care services are financially beneficial to employees. More so, 48% of the children in America have two working parents. Thus, offering childcare helps families who otherwise would have to hire long-term childcare.

9. 401(k) Plan

A 401(k) plan allows employees to invest some of their paycheck into a retirement fund. This allows employees to plan for their futures and minimize stress.

10. Professional Development Programs

The most successful employees are the ones who desire to learn and grow. Professional development programs allow employees to move up in their careers and achieve career goals. Additionally, development programs make people feel excited about what they do.

11. Holidays

The holidays can be stressful. So, companies like Chik-fil-a are closed on holidays to encourage employees to spend time with loved ones. Even better, some companies offer paid holidays!

12. Employee Discounts

Everyone loves a good deal! Almost all employers offer employee discounts. Depending on the products or services provided, employees can receive unmatched discounts. Often, employees can even get access to products before they hit the market.

13. Paid Maternity/Paternity Leave

Paid maternity and paternity leave are highly influential in prospective employees’ choices. In fact, a study found that 77% of employees said that their employers’ parental leave policy affected their choice of workplace.

14. Tuition Reimbursement

Reimbursing employee tuition shows that the company is invested in their employees. The greater an employee’s education, the greater value they are to a company. Not to mention, employees whose tuition has been reimbursed are more likely to continue their education than those without tuition reimbursement. Tuition reimbursement benefits the company and the employee.

15. Gym Membership

A healthy employee is a happy employee. So, it is common for employers to provide an office gym. Some companies even pay for employees’ gym memberships outside of work. Because healthy and happy go hand in hand, a gym membership is a great employee perk.

16. Housing

Companies such as Facebook provide free housing to qualifying employees. Likewise, companies like messaging company Imo allocate a monthly housing stipend to employees who live within 10 miles of the office.

17. Profit Sharing

In profit sharing, companies allot a percentage of annual profits to be shared amongst employees. Profit sharing is a reward to employees for their hard work. Through profit sharing, employees are encouraged to bring their best to the table every day.

18. House Cleaning

Picture this: walking through your front door after a long day at the office to find a clean and organized home. Great right?! Evernote is just one of many companies that pay for their employees’ cleaning services. There’s nothing like a stress-free, clutter-free living area.

19. On-Site Games (ping pong, foosball)

Feeling sluggish and uninspired? How does a game of ping pong sound? Even a simple game of ping pong or foosball can be the perfect pick-me-up for employees. Games and activities encourage employees to balance work and play.

20. Technology

Technology is constantly changing and progressing. It can be hard to keep up with the latest and greatest products. However, many companies have committed to providing their employees with the latest and greatest.  Whether it’s the new iPhone or an arsenal of Adobe software, free access to updated technology is a great employee perk.

So, there you have it! These are great perks for employees that can be implemented by large and small businesses alike.

If your company would like more information about great perks for employees or employee benefits, we would love to help! Visit us here to learn more.

Benefits

5 Critical Employee Benefits For Small Business

Having trouble attracting great talent to your small company? Chances are, you’re not looking at employee benefits for small business the right way.

When a successful fisherman selects a lure he considers what the fish craves. When you consider your benefits package don’t make your selections based solely on what works best for your company. Rather, ask yourself: what does top talent in my field want?

High wages aren’t the only thing employees care about. As a small business, you may not be able to pay employees what larger companies can. However, as a small business, you have the ability to offer unique, flexible benefits that cater to your employees needs.  

Employees, like all humans, feel valued when their needs are taken care of and prioritized. They want jobs that can give them what they crave: a great quality of life and peace of mind.

Here’s a look at 5 critical employee benefits for small business:

1. Improved and Extended Health Insurance

Employees care about health benefits. Everyone wants to have access to quality medical care when they need it. Health insurance is one of the most expensive benefits shouldered by a company. But, offering it is an essential part of taking care of employees.

Extending health insurance to family members is a great benefit. Spending more time at work means employees spend less time with loved ones. But, including immediate family members in their health coverage helps keep employees’ minds at ease. BONUS – peaceful minds = focused employees.

2. Work-From-Home Options

This is an enticing perk that few companies offer. Allowing your employees to work from home, saves them commute time and shows trust. There are some employees that find it exciting to go to work every day, but others may find it exhausting. Giving them the freedom to work from home may also increase introverted employee’s productivity.

3. Flexible Hours

Flexible hours can be game-changer in acquiring new talent. Employees have differing needs. Allowing them to work flexible hours provides an opportunity for them to work during their most productive time of the day. Trust your employees to be responsible and work with integrity.

4. Unlimited Time-Off

You’d think this means less productivity, but the opposite is true. Not only that, this is a win-win solution for both employers and employees. Why? Employees enjoy their unlimited days-off, and employers no longer have the cost of unused time off.

However, employees should use their time-off without jeopardizing their company responsibilities. Top talent invests in the companies they work for and cares about the projects they are assigned to. Hence, an unlimited time-off benefit can help you get the top talent you need without causing an operational problem.

5. Access to Educational Assistance

Many employees are parents who are invested in their children’s education. Employees will appreciate monetary help from the company. Though education assistance may sound costly, employers can take advantage of a tax break. Making this a helpful option for companies offering an education assistance benefit as a perk.

Employees enjoy personal benefits. They make the employee feel valued and cared for. Hence, if you want to get the right people, try incorporating these employee benefits for small business into your benefits package.

Beni.fit helps businesses craft quality, comprehensive benefits packages that take care of employees. We can help you figure out what benefits will align with your company’s culture, values and priorities. Contact us today!

 

Benefits

Implementing Workplace Wellness Programs: The Benefits

Poor employee health creates many problems for the company at large. That’s why many smart businesses are coming to understand the benefits of implementing workplace wellness programs. If you’re on the fence about incorporating a program of your own, keep reading.

Traditional business owners may struggle to see the value in workplace wellness programs, seeing them as a luxury for hip startups. But that’s far from the truth.

Every business can invest in the health of their employees through a workplace wellness program and lower their overall employee healthcare costs in the long run.

With that in mind, here are the benefits of implementing workplace wellness programs at your company.

1. Lessens Healthcare Costs

It makes sense that keeping your employees healthy works out well for your business. After all, it’d be a bit difficult to run daily operations if everyone has the flu.

Keeping everyone healthy keeps you from overspending on medical insurance. And those savings can go a long way in benefiting your business — AND employees.

2. Increased Employee Productivity

Thorough research and analysis show higher productivity among employees who participate in wellness benefits from employers. In such a highly competitive business world, it’s important to function at full-capacity every day.

Imagine what the office would look like if ALL your employees were productive? You can work toward that goal if you’re willing to invest in it.

3. Improved Employee Engagement

When people feel cared about, they engage with the world in a different way. As an employer, gestures of concern for their well-being can go a long way to building a high-functioning team.

Chances are, you want your team to work well together. That means they need to be engaged. What better way than through getting them to bond about health and wellness?

4. Decreased Employee Absenteeism

If you want a productive workforce, it’s important that your employees actually SHOW UP to work. When employees are healthier, more confident, and bonded with the company, they’re going to miss less days.

And research backs this up. In fact, for every $1 spent on a wellness program, studies show that the company saves $2.73 in the long run.

5. Improved Employee Health Behaviors

Unhealthy employee behaviors can cause chaos, poor performance and conflict. It’s important to keep everyone in the right headspace and physical health.

Wellness programs give your team an easy way to stay fit, both physically and mentally. As they continue to invest in themselves, you may notice these negative team behaviors subside. Providing employees with a convenient, affordable way to take care of themselves is just smart.

Conclusion

Successful companies need to invest in their employees’ well-being — it’s only going to become more and more important. Implementing a workplace wellness program is the first step to reaping all the benefits associated with it.

To learn more about implementing workplace wellness programs download our workplace wellness eBook or contact us at [email protected] Start living well today!

 

Benefits

What’s the Purpose of Employee Benefits?

It is possible to build a prospering company, full of thriving employees. In addition to creating a great work environment for employees and providing engaging opportunities for them to grow, companies can use employee benefits as a tool to support employees. If you’ve been asking yourself, what’s the purpose of employee benefits?, you’re in for a real treat.

Employee benefits help cultivate a community of fulfilled people within your company. Here’s how.

1. Employee Benefits Help Attract Top Talent

Freelancing is on the rise, and many companies are noticing a dramatic drop in employee loyalty. After many years of this trend, talented job candidates are starting to wake up to their value. In the recruiting process, one powerful way to hook them is through your company’s benefit package.

Great talent is going to wait for the great benefits. They’re looking for vacation time, personal time off, sick days — and lenient policies around each of these.

Think about it, your benefit package is one of the first glimpses they have into your priorities. And with companies trying new things, like unlimited vacation, the typical 401K fund isn’t seeming like as much of a draw.

It can get a bit overwhelming, we know. That’s where Beni.fit comes in. We can help you build a program that attracts the right employees for your company.

2. Employee Benefits Help You Take Care of Employees

Satisfied employees perform better, and that’s good news for both of you. Many companies offer a variety of health benefits — from basics life insurance to onsite nutritionists. Smart leaders understand the positives of keeping their employees healthy.

Aside from physical well-being, a company with strategic benefits will see increased morale. Showing workers your care about them evokes feelings of loyalty, contentment and productivity.

The ultimate win for entrepreneurs investing in an employee benefits package? Lower turnover rate. You see, when people feel valued, they add value in return. They experience that rare feeling of loyalty to their employer.

Each of these aspects of employee care makes EVERYONE’S life better.

3. Employee Benefits Reinforce Company Values

So, you’ve attracted the top talent and made them feel loved. Now what?

Well, employee benefits packages aren’t just about the immediate value received. In fact, if you go VERY strategic with your program, it can even reinforce your company values.

Want your employees to give back to the community? Offer days off for community service.

Want them to continuously learn? Incorporate a learning stipend, free office library, or an Audible membership.

Want everyone to feel comfortable with one another? Allow casual work attire, cater lunch so team members are more inclined to eat together, or plan after-work parties throughout the year.

As you can see, there’s a creative way to approach this process. And it’s what we love doing most! Whether it’s helping you reinforce values or attracting the best-of-the-best.

Now that you know the purpose of employee benefit packages, it’s time to take the next step. If you want a thriving company culture, schedule a review with us today. One of our benefits architects can guide you through building the perfect program for your team.

Click here to learn more about our services and how Beni.fit does benefits differently.

Benefits

How to Increase Employee Participation in Wellness Programs

If you’re wondering how to increase employee participation in wellness programs, you’re not alone. Though 85% of large employers introduced wellness programs in 2015, only about 40% of the employees that knew of the programs participated in them.

Many companies are investing heavily in wellness programs, but they aren’t seeing great results. Often times, employees feel disconnected from their company’s wellness programs, leading to low participation rates.

Is your company experiencing a similar trend? Tackle it head on with a comprehensive wellness program with a consistent message. The program should tap into what motivates employees and what is relevant to their needs. Give your wellness program a makeover with these 4 simple tips!

A Consistent Message Across the Organization

To efficiently spread the word about your new wellness program, maintain a consistent message across all departments. When everyone in your company knows about the program’s goals and purposes, you’re more likely to see interest in wellness and preventative care increase.

Developing a Culture of Wellness

A great way to send the message that health is important to your company is to cultivate a culture of wellness within your organization. Make talking about health and participating in wellness activities normal. Casual even. You can do this by incentivizing wellness activities and making them readily available to your employees through on-site amenities or subsidized memberships.

You can also assign wellness ambassadors that become role models for all employees! They could share tips, suggest new activities and talk about their lifestyle via corporate communication tools.

Engagement Through Encouragement

A major reason why employees don’t engage with wellness programs in the long run is because they feel defeated after the first few tries. Encourage all employees to participate and give their best effort. To combat discouragement, pair employees with others who can motivate and inspire them!

When daily work revolves around deadline-driven projects, an encouraging wellness program provides a much-needed break from the stresses of the day. It can include fun activities that everyone participates in where the only requirement is to try your best and celebrate the wins.

Customization for Employees

Employees who feel that their wellness program is personalized for their unique needs and level of fitness will be more engaged with the program overall. One way to allow for customization is to offer support for a variety of wellness activities. Going to the gym isn’t for everyone. You can subsidize more than just gym memberships! Try subsidizing the costs of other fitness activities such as yoga classes, community sports teams, martial arts programs, and dance programs!

The benefits of employee wellness programs are endless. They impact your bottom line and your employees lives in a positive way.

A Rand Corporation study on workplace wellness programs found that companies saved an average of $30 per participant each month in healthcare costs. Saving an extra $30 per employee annually may not seem significant. But, it is! Every dollar saved adds up in the long run.

Beni.fit designs customized employee wellness programs that align with and support company goals.

We understand what helps employees make the most of wellness and healthcare programs. As a result, our support has helped companies and organizations craft meaningful benefit programs that engage employees.

Contact us today to design a customized employee wellness program based on your company’s unique culture and purpose!

 

Benefits

Group Health Insurance Plans for Small Businesses in Arizona

Employers in Arizona with fewer than 50 employees have several options when it comes to providing health insurance. If you’re a small business, group health insurance plans are a great option for you! Group health insurance plans for small businesses in Arizona are plentiful and are a great way for you invest in your employee’s health and happiness.

However, we know it’s not always easy providing health insurance for your employees as a small business. Sometimes, it can feel like just another thing to worry about. Here at Beni.fit, we don’t believe you should have to.

Beni.fit for Arizona Small Businesses

If you want to attract new talent, retain high-performing employees and compete with larger brands, you need a health insurance benefit. No doubt about it.

At Beni.fit, we have a unique approach to giving Arizona companies tools to grow and thrive. Offering quality healthcare coverage should benefit  both you AND your employees. In fact, we believe that taking care of your employees by providing great health insurance options will help you grow your business. Sound crazy?

It’s not. At Beni.fit, we believe that when humans thrive, companies prosper. In other words, when companies invest in their employees, the employees in turn become happier, more creative, more productive contributors to the company.

How We Help Your Business Build Benefits

Beni.fit helps small and medium sized companies create comprehensive healthcare solutions for their employees. Our approach is unique because we keep your company’s culture and strategic goals at the center of all benefits packages.

We believe healthcare goes beyond health insurance! We also design strategic, three year plans for companies to manage their healthcare coverage costs through productivity and wellness programs.

More than two thirds of health issues in the United States are related to stress or preventable chronic diseases. By thinking creatively about how to address stress and encourage wellness in the workplace, we’ve seen companies dramatically reduce their health insurance expenses.

Our Benefit Package Design Process

With our partner with Beni.fit, you’ll receive a comprehensive benefits plan that aligns with your culture and purpose. We’ll dive deep into your company’s values and goals to ensure we craft the best insurance package for your unique needs.

Thoughtfully designed benefits packages can reduce turnover because employees feel taken care of. They also help attract new talent. Some people avoid working for small businesses because of the lack of benefits. But, that doesn’t have to be the case. We can help you get an edge!

We take the guesswork out of the complex health insurance industry. Our experts are standing by, waiting to hear from you!

There are so many options for group health insurance plans for small businesses in Arizona. Let Beni.fit find the best deals, packages and rates for you that will help you drive what you really want: results! Contact us today to learn more!

Benefits

Employee Health Benefits for Small Employers

Want to set yourself apart from the competition? Differentiate yourself with an extensive employee health benefits package.

About 75% of the medium and large employers offer a comprehensive health insurance plan. Plus, they offer other bonuses and incentives to employees:

  • Health club memberships
  • Flexible schedules
  • Day care
  • Tuition reimbursement
  • On-site dry cleaning
  • And MORE!

In fact, under the Patient Protection and Affordable Care Act (Obamacare), companies must provide health care plans to employees with 50+ employees. And individuals must receive coverage, regardless of their background.

Unfortunately, employee health benefits for small employers come at a hefty price. That’s why so many are turning to Beni.fit.

Small Business Healthcare Dynamics

Many smaller companies struggle to provide the best health coverage for their employees and end up losing them to bigger brands for more stability.

There are times when smaller employees cover the basics like health, wellness, fitness, travel, therapy, remote work, pets, etc. But these get fairly expensive, especially when you account for employee onboarding costs and turnover rates.

The problem that most small employers face right now? They often end up paying more for employee health benefits than larger companies because they don’t have buying power.

A small business, on average, can end up paying about 18% more than larger firms on the same policy and coverage, according to the National Conference of State Legislatures.

Aligning Company Goals with Healthcare Program

What’s really needed in the workplace right now is a health insurance experience tailored to your specific workplace culture. When your goals and healthcare package are blended together, it creates a more synchronous environment for your employees to excel.

That’s where the experts at Beni.fit come in. We work with smaller companies to discover the best way to give employees the coverage they need. Our benefits architects help companies  provide employees with stable and sustainable health coverage they can depend on.

Additionally, we help employers implement employee wellness programs to keep employees physically, mentally, and emotionally fit year round. At Beni.fit, we believe that when humans thrive, companies prosper. We’re committed to finding and creating a comprehensive healthcare solution for our clients so they can reap the bountiful benefits of taking care of their employees.  

How Beni.fit is Unique

Beni.fit is committed to consulting with your organization and healthcare providers to discover the best approach for companies to prosper and thrive.

We help you craft comprehensive benefit packages that align with the company culture and purpose. Everything from advocacy to communications is handled by us, so that you don’t have to worry about coverage or employee satisfaction.

The Beni.fit Approach

Our entire approach puts your company’s goals at the center of everything. That way you can focus on your organizational process and reduce attrition.

Our current and past clients offer high praise for the work that we’ve done because of our astute understanding of their business. We see things from your perspective and come up with the best plan for your needs.

Our customized employee health benefits for small employers relieves stress from overextended owners. You may also see lower employee turnover and higher satisfaction.

Plus, when employees feel valued, they reciprocate with higher quality work. Contact Beni.fit today!

Benefits

What Does an Insurance Broker Do?

If you’ve been asking yourself, what does an insurance broker do?, your days of wondering are over. Here a look at everything you need to know about what insurance brokers do and why.

What is An Insurance Broker?

Insurance brokers are like special agents. While they may not dress in all black with dark sunglasses sporting a high tech top secret earpiece, they are cool, connected and informed. Insurance brokers use their expertise in insurance and risk management to help clients decide what they should insure and how they should do it.

What Does An Insurance Broker Do?

Insurance brokers main responsibility is to help connect clients with insurance deals and packages.  Since brokers do not work for one specific insurance company, they have access to a wide selection of policies. They may even have special hook ups that aren’t available to the general public. Because insurance brokers access to a variety of insurance policies, they can make sure their clients get the best coverage for their needs at the best price.

How Insurance Connects to Company Culture

On the surface, it may seem like insurance and company culture have nothing in common, no obvious connection. Perhaps you think purchasing insurance has nothing to do with your company’s culture. Here, at Beni.fit, we believe insurance and company culture should not only be connected, but should complement one another harmoniously.

Company culture is not always clearly defined. Essentially, a company’s culture is it’s set of values, beliefs, behaviors and priorities. Think of it like the personality of a company! There are all kinds of personalities companies can have, from being a work hard play hard kind of workplace, to being relaxed and casual.

These days, it’s more and more common for people to want to work for companies with values they connect with. On the flip side, more and more companies are considering whether an individual would be a good “culture fit” when deciding who to hire. It’s safe to say that organizations are thinking critically and intentionally about their corporate cultures to create an atmosphere that will both attract and retain employees.

At Beni.fit, we’re more than an insurance broker. We’re passionate about reimagining benefits and bringing them into alignment with each company’s unique culture.

How Beni.fit Is Different

We’re committed to discovering an approach that allows companies to prosper and human to thrive. Our benefits architects partner with companies, helping them craft comprehensive benefits packages that align with their company culture and purpose.

We’ve helped all kinds of companies put together incredible benefits packages that cater to the needs of their employees. Our entire approach to creating benefits packages keeps your company culture and strategic goals at the center. We know that when your company’s values, processes, culture and benefits are in alignment, your company works, well, better!

Thoughtfully crafted benefits packages can help you reduce turnover and take care of your employees. When employees feel valued and cared for, they tend to be better employees. And, better employees drive better results! Contact us today to chat with one of our knowledgeable benefits consultants.

 

Benefits

Benefits Trends to Watch in 2018

New Years bring new things. From new challenges to new opportunities to new insights, 2018 is sure to bring all of these things and more for business owners. 2018 will bring new things in the world of benefits, too! As employers continue to try to adapt to the workforces growing and changing needs, benefits and perks packages will reflect these adjustments.

The days when having great insurance was enough to keep employees satisfied are gone. Now, employees expect their employers to care about their well-being and give them the flexibility they need to balance all of life’s responsibilities.

Here’s a look at 6 benefits trends to watch in 2018.

Priority on Financial Wellness

Financial wellness is a hot topic in the workplace these days. To support a diverse workplace with varying financial needs, companies will need to provide access to programs, information and opportunities that will help employees keep their wallets well.

With younger employees working to pay off student debt and mid-career employees considering going back to school, student tuition assistance will be an increasingly desirable benefit. On the flip side, as baby boomers inch towards retirement, they’ll appreciate retirement planning resources and financial planning services.

More Personalization

More and more, the benefits package that makes employees smile the widest is the one they’ve tailored to their personal needs. Essentially, employees want to be able to pick and choose from an array of great benefits and perks, customizing their plans to their unique lifestyle.

Emphasis on Mental Wellness

With stress and mental health awareness on the rise, companies must make sure they’re prioritizing their workforces mental health. By offering counseling services, stress-reducing activities such as yoga and meditation, and encouraging work-life balance, companies can empower employees to cultivate a healthy mind.

Stretching Flexible Work Arrangements

Flexible work arrangements give employees options for working that go beyond being at the office from 9 to 5. Allowing people to work from home, alter their work hours to avoid peak traffic times, compress their work weeks to allow for more days off, and break up their 8 hour work day however they please are all arrangements that will grow into more workplaces in 2018.

Innovative Diversity Programs

Diversity programs are going beyond having company sponsored, minority-focused support groups. In 2018, you can expect to see companies designing innovative, inclusive diversity programs that will welcome America’s increasingly blended workforce with open arms.

More Access to Health Savings Accounts

Health savings accounts are gaining momentum! These accounts are owned by individual employees and allow savings to carry over from year to year. Contributions to these accounts are generally tax deductible. Additionally, the accounts can grow tax-free and employees can withdraw money from them with no hassle as well.

There’s so much to look forward to in the world of benefits in 2018. If you want to get ahead of the curve and incorporate some of these benefits trends to watch in 2018 into your benefits plan, we can help.

Beni.fit can help you design a complete, comprehensive benefits package for your employees that’s sure to make 2018 your best benefits year yet. Our customized packages will make them feel valued and secure. Contact us today for more information!

When Humans Thrive, Companies Prosper.

Benefits

Year End Benefits Checklist: How to Prepare for 2018

As the year comes to a close, companies are getting everything in order to start the new year off right. For many, settling and reviewing employee benefits is on the list of things-to-do before welcoming the new year.

If you want to make sure your company brings in 2018 with a plan, a purpose and a whole lot of potential, go through this year end benefits checklist. You’ll feel great about what’s to come after checking off the items on this list.

Remind Employees About Unused Benefits

Some companies have benefits that expire each year. Often sick days, vacation days and personal days renew on a yearly basis. While some companies allow these benefits to roll over in the next year, others do not.

Flexible spending accounts are also notorious for not rolling over from year-to-year.  Remind your employees if any unused benefits they have that will not roll over into the next calendar year. Trust us, they will thank you for it!

Make Sure Employees Are Signed Up for Next Year’s Benefits

January 1st is a big day. Besides being the first day of the year, January 1st also marks the start of many traditional employee benefits. New health insurance coverage often starts on the 1st as well as new 401K matching rates for companies that raise the matching amount based on an employee’s time with the company.

Now is a great time to make sure all of your employees have coverage that begins on the 1st of the year. It’s also a good idea to remind them of all of the benefits they have available to them by sending an email or an informational packet.

Evaluate Employee Perks

Perhaps you started offering healthy snack options to employees in the office kitchen this year. Or, maybe you started reimbursing employees for gym memberships and other fitness-related expenses. The end of the year is the perfect time to take a look at your employee perks and evaluate whether they align with the culture and values of your company.

Ask yourself, are my employees using this perk? Why or why not? The answers to these questions will help you groom your employee perks and make them more and more appealing to your workforce.

Say Thank You to Your Employees

This step is arguably one of the most important actions you should take regarding your company at the end of the year. Regardless of whether your company met it’s goals for the year or not, a team of people spent day after day working for you and believing in your company. Reward them!

Whether you send a sweet thank-you note or give everyone a year end bonus, find a way to say thank you to your employees. When you start the new year, they’ll be motivated to invest another year of their life with your company. And loyal employees? Well, they’re priceless.

If you want to make sure you’re doing everything you can to support your employees and their families through benefits, we can help. Beni.fit partners with companies to create comprehensive, customized benefits and perks packages.

We love helping companies prioritize their people because we believe that when humans thrive, companies prosper. Contact us today to learn more about how we can help you achieve your goals with benefits in 2018.