Employee benefits are non-wage compensations that may differ from business to business. These benefits packages are non-cash indirect payments under the compensation plan. These are offered by the companies as an additional benefit to the salary to build the competitive plan for a potential employee. A successful business owner must understand the importance of taking care of his/her employees that are the most important asset. After all, business would not run without the employees.
Every employee of the company represents the investment of money and time, as recruiting, training, and appointing a right employee is not a quick or cheap process. So when it comes to the ‘employee benefit services’ it is important to consider the right service provider. A good business owner knows well that the employee benefit services offered by the company are much more to employees than a simple job bonus. A study done in 2012 by some job seeking website found that healthcare plans are valued most by the job seekers among other job benefits.
The significance of employee benefit means that the decision of potential employees may base on the offered benefit packages and that is important for the business owners who want to hire the best employee and to retain them. An attractive package of employee benefit can be a deal-maker. A study shows that employee benefits attract employees more than the high base salary. A survey conducted in by 2012 Harvard Business Review found that 60% of HR leaders believed that the benefit plans are essential to requirement comparing to the rest 38% who had the opinion that salary is more important.
When retaining those great employees, benefit plans also play a role. A recent poll by the Entrepreneur magazine, the majority of employees count benefit plans a major reason for continuing with the current employee. No matter the business is small or large, the right employee benefit plan can make a huge difference to the bottom line. When it comes to choosing the employee benefits administrator, a business owner must look for the independent agency that has the intention of establishing a long-term business relationship.
Benefit Service Provider
The importance of employees to any business cannot be ignored. Thus it is important to offer the best medical and vision benefits. Epay Payroll works closely with their clients to create benefit plan for them that meet their goals. Epay has an extensive knowledge in designing the benefit plans. The flexibility in the designed benefit plan allows us to make the packages that best meet their needs. Constant efforts by our professionals create proactive plans that offer the best employee benefit services.
We work with our clients to ensure the optimum solutions for where the business stands now, as well as where it would be in the future. Situations vary with time likewise the healthcare benefit options vary. Benefits also include medical or dental care benefits, personal leave, paid vacation leave, retirement plan, child care, sick leave, fitness and different optional benefits are offered to the employees and for their family members.