Employee Benefits Cost Containment
As employee benefits costs continue to escalate, managing those expenses have never been more critical. Voluntary, employee paid benefits offer a way to maintain and even expand current benefit offerings without adding any corporate cost. In fact, many such programs decrease an employer’s payroll tax each pay period, increasing the bottom line to the owner(s)/shareholder(s).
These benefits serve as recruiting and retention tools and provide a menu of options where employees may select only those benefits that they find pertinent and pay the related cost through payroll deduction. This group buying power creates a tremendous value-added proposition for employees that they recognize and appreciate. All product options enhance the existing portfolio of benefits and serve to create a comprehensive package.