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How To Enhance Your Companies Employee Benefits Insurance

April 12, 2021, by New City Insurance

Business People Stacking Hands Together after knowing about employee benefits insuranceOffering a competitive employee benefits insurance package can have countless benefits for both employers and employees. According to a survey published by Willis Towers Watson, 78 percent of employees reported that they were more likely to stay with an employer that offered a satisfactory benefit program. If you enhance company benefits as part of a compensation package it can be an excellent recruitment and retention tool. Having the right employee benefits package can differentiate one business from the competition. It also shows job applicants that employers are invested in their employee’s health and wellbeing.

Offering Employee Benefits Insurance

Company benefits can also affect employees on a personal level. Employees that have access to desirable benefits often recognize the value of these benefits and may be more willing to commit to the company. These employees are frequently more motivated and have a higher level of productivity and improved morale.

Although employee benefits are very common across all industries, many industries are still offering an insufficient benefits package or no package at all. Here are some tips to enhance your employee benefits package to maintain a competitive edge:-

Take A Proactive Approach To Enhance Company Benefits

Many organizations make the mistake of creating an employee benefits package and never reviewing it again. Like many aspects of business, employee benefits packages require regular updates.

Over time, personal needs change, and the benefits that employees enjoyed just a few years ago may not be the same benefits they seek today. An easy way to find out what employees are searching for in a benefits package is by creating a survey. Simply ask employees if they are satisfied with the existing benefits and what other benefits they would like to see offered.

Focus On Wellness Perks

Today, many employees prioritize a healthy work-life balance. When employees feel like they are constantly working, it can impact their productivity, morale, and overall wellbeing. Employers have the opportunity to provide employees with more wellness perks to cultivate a positive workplace.

Ensure that employees are taking advantage of the sick days and personal time available to them. Managers and other senior management employees should receive training on how to support employees who may be experiencing excessive stress or mental health problems.

Develop An Effective Communication Strategy

Effective Communication in Office in order for employee benefits insurance

Although most employees appreciate having access to benefits, not all understand the array of available benefits. Employers need to open up a line of communication between employees and management to ensure that there is no confusion or lack of clarity regarding benefits.

Employees should fully understand their options to make an informed decision about the benefits they want and those they do not. Depending on the size of the business, select a manager or HR team to address questions or concerns that employees may have about benefits. Some insurance brokers’ offices also have a service team on staff to help field employee benefits insurance questions directly.

Upgrade Technology For Your Employee Benefits Insurance

Employees want the ability to access their benefits and perks at any time and from any location. This can be easily achieved by investing in an innovative platform or application that can be accessed via a desktop, tablet, or mobile device.

A simple app downloaded to employee phones makes it fast and easy for employees to access the information they need without logging in to different websites and interpreting hard-to-digest data.

Technology can make life easy for everyone and can be continually improved to meet the needs of a company. Insurance carriers and brokers can also assist with the implementation and costs associated with a technology platform.

Explore Unique Benefits

Some of the most popular employee benefits insurance include options like group health insurance and retirement accounts. However, these are not the only perks that a business can add to its benefits package. Think outside the box and consider new ways to help employees.

Financial challenges are common among employees of all ages. Therefore, offering perks like onsite financial planning may be useful. Onsite healthcare and telemedicine services can also be advantageous for employees that do not have time to visit an offsite healthcare provider.

Schedule Regular Benefits Meetings With Staff

Office People Meeting Discussion about employee benefits insurance

Employee benefits are designed to help staff, so it only makes sense to include employees in meetings regarding employee benefits insurance.

Schedule regular meetings to discuss the current benefits package and use this time to answer any questions or address any concerns that employees may have about their benefits or coverage. This information should also be conveyed during employee onboarding so that new staff members are clear about the benefits offered by the company.

Get Help Establishing Your Employee Benefits Insurance Plan

Modern businesses now offer employees a wide range of attractive benefits, such as retirement accounts, group health insurance, and wellness plans. However, there is always room for improvement.

The right benefits can help employees stay motivated and give businesses a competitive edge. To learn more about how to enhance company benefits or to speak with an employee benefits insurance specialist, contact New City Insurance.

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Google Rating
5.0
New City Insurance
New City Insurance
5.0
Carol Zhang
Carol Zhang
04:29 06 Mar 22
As a rapidly expanding national media organization, the employee benefits strategy and administration that New City has provided us during our growth has been invaluable. They have been proactive about informing us of the different benefit strategies available to us as we grow as well as managing the additional compliance laws and reporting requirements at each stage of our growth.
Claudia Villalobos
Claudia Villalobos
20:14 03 Mar 22
New City Insurance made navigating through all the health insurances super EASY. Their documents are highly informative, professional, and easy to work with. Thank you for making the process of choosing a health plan so simple. You guys are THE BEST!
Philippe Salas
Philippe Salas
17:02 22 Feb 22
I never expected to have a good time talking to an insurance salesman, but let me tell you Brendan was quite the treat. He was very helpful explaining the options and has a wonderful sense of humor. I hope to speak with him every time I call.
Jennifer Polito
Jennifer Polito
17:15 09 Feb 22
Super easy enrollment process. Fast and friendly customer service. If you are looking for an insurance company that is there for you every step of the way I highly recommend New City Insurance.
Rocky Salas
Rocky Salas
23:46 07 Jan 22
So friendly, I hope to speak to him again in all my future insurance needs.
Rocky Salas
Rocky Salas
23:38 07 Jan 22
So friendly and soft spoken. I hope to speak to him again in all my future insurance needs.
Jose Brena
Jose Brena
13:20 06 Jan 22
Eric Calciano has been extremely helpful in finding and selecting the right insurance coverage for our company. With many options out there Eric assisted us on getting a low cost provider saving more than 20% than from our competitors and providing excellent coverage for our employees.
Anastasia Beaverhousen
Anastasia Beaverhousen
17:05 28 Dec 21
Signing up for insurance was quick and easy. Felicity Sundsboe
SFCC
SFCC
22:08 29 Nov 21
Jeff Stoltey and his team provide excellent customer service. Jeff has always provided my company SFCC with straightforward options. I went to a larger insurance company only to RUN BACK to Jeff at New City Insurance. I recommend them to anyone needing insurance without hesitation.
Kevin Luby
Kevin Luby
19:13 22 Oct 21
Quick, easy & informative. We were able to secure quality insurance for our small business on a tight deadline. Thanks for the help New City.
Theresa Ruybol
Theresa Ruybol
19:30 01 Jul 21
Eric was so great with us. He was very patient and kind as we are a newer smaller organization who is growing rapidly. With that said, we had made our inquiry, he had great rapid response and mostly had to wait on me. Any request that we made and/or questions we had, he was great answering and helping us understand. Then when we were ready for all documents and to move forward, Brendan helped with getting that together and the two of them worked their magic on New City's end to notify me of what was needed, assist me in that process and confirming that all was complete and approved for the coverage. I just want to say thank you all again so much, as insurance has always been confusing to me, and you all made that process go a lot smoother.Thank you
Andrea Ordendorff
Andrea Ordendorff
21:06 07 May 21
I've been working with both Clayton and Brendan for well over a year. As the purchase of our dental practice was delayed well over 14 months they both patiently supported me and continued to make themselves available. When we were officially ready to sign up they made the whole process seamless and super easy. This team is highly knowledgeable, professional, supportive, and efficient! I can't thank them enough for everything they've done.
T W
T W
22:32 30 Aug 20
I love New City Insurance. I never had a good experience dealing with insurance brokers until I started working with Brendan. He’s awesome! He is patient with me and takes the time to answer all my questions. I’m very grateful for all his help and hard work!
Mary Jane Deyette
Mary Jane Deyette
00:57 11 May 20
Jeff Stoltey is so awesome...even thru my company had only two employees, he took the time each year to research and find the best plan for us. The only reason I am leaving New City Insurance is because we no longer have any employees. Thank you Jeff
Alma Ortiz
Alma Ortiz
22:25 23 Feb 20
Brendan was awesome! I couldn't figure out how to pick my plan and he returned my call on a weekend to help me. Outstansing service!
jessica kavanagh
jessica kavanagh
19:53 13 Feb 20
Brendan was so helpful I definitely recommend him if you’re in need of good help and getting it done promptly. Thankyou so much again.
Tricia DeYoung
Tricia DeYoung
19:49 13 Feb 20
I was very thankful I inquired about this info. with Brendan. He was very helpful so I understand the benefits available much better now. Thank you Brendan.
B Bayer
B Bayer
17:43 24 Sep 19
NCI handled almost everything from start to finish. Clayton and Brendan made the plans easy to understand and walked me through the application process. They got me my ID numbers before my cards arrived so that I could keep an appointment I had already scheduled. My last broker wouldn't have done that. 5 stars!
Jessica Lehr
Jessica Lehr
03:36 07 Jun 19
Our staff was interested in a health plan, but we didn't know how beneficial a solid employee benefits package would be for our business to expand. We'd lose prospective employees because they had more options for their medical insurance which was sometimes more valuable than more pay. The New City team was amazing and gave us as many affordable options as possible so that everyone had their needs met.
Mike McClay
Mike McClay
19:36 03 May 19
My employer uses New City as their insurance broker, and I'm always amazed when I call in for assistance by how knowledgeable and attentive their staff is with my requests. Their online benefits platform makes selecting insurance plans pretty darn easy. I would highly recommend their services.
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