Employee Benefits FAQs
In a dynamic and competitive labor market and amid uncertain economic conditions, employers need to understand every possible way to optimize workplace environments. Such efforts can be critical for employee satisfaction, well-being and productivity. Additionally, these aspects of your organization may significantly aid in attraction and retention. At Swift Kennedy & Associates, Inc., we can help you understand the ins and outs of employee benefits.
Question: What Benefits Should I Offer?
Answer: Employee benefits may include many incentives and programs. Eligible staff can often customize their selections, allowing them to enjoy the offerings that make the most sense for their lifestyles and priorities. In many cases, employee benefits packages may include the following options:
- Disability insurance
- 401(k) plans
- Education and training opportunities
- Flexible scheduling opportunities
- Paid time off
- Reimbursement for health and wellness expenses (e.g., gym memberships)
- Pet insurance
Question: Who Is Eligible?
Answer: Employee benefits eligibility is often based on whether an employee is listed on your payroll and the number of hours they work. Full-time staff are generally eligible, and many part-time workers may also have the ability to enroll, although exact availability of certain benefits may vary. Alternatively, contract workers and those on unpaid leave may not be eligible. A qualified employee benefits professional, such as those at Swift Kennedy & Associates, Inc., can help you understand specific situations.
Question: Why Are Benefits Important?
Answer: Your company’s employee benefits package can garner several advantages for both staff and the organization at large. Consider the following:
- Higher job satisfaction—Offering attractive benefits can help employees feel cared for and valued, potentially improving overall workplace satisfaction.
- Increased productivity—Employee benefits may directly impact health and well-being, allowing staff to be at their best on a daily basis while limiting absences.
- Better attraction and retention—Many prospective and current employees may value ideal benefits even more than direct compensation. Subsequently, they may choose where to work based on such offerings.
Question: How Can I Learn More?
Answer: If your DuBois, PA workplace is looking for guidance regarding employee benefits, the team at Swift Kennedy & Associates, Inc. is standing by to help. Our knowledgeable and experienced staff can help you assess your situation and select the right options to offer employees. Contact us today to learn more.