Life is filled with curve balls. It’s what keeps things interesting and breaks up the monotony of everyday living, but at times it is a double-edged sword. An unforeseen illness or injury, for example, is never a welcome change of pace. It may be especially problematic when it precludes you from making it into work and risking your livelihood.
As an employer, you may offer long-term or short-term disability for your employees to help them recoup lost wages while out due to illness or injury. In order to implement this practice in your workplace, it’s prudent to discuss it with qualified benefits administrators.
Employee Retention Benefits are just that– qualified benefits administrators available for employers to outsource benefits management and implement exceptional benefits programs for your work without you needing to process all the appropriate paperwork.
They’re the simple solution to your workplace woes.
What is short-term disability insurance?
If an employee is injured on the job, they may be entitled to worker’s comp to provide all of or a portion of lost wages during their recovery. This may manifest in many ways. An employee may fall off a ladder during a job or slip on an icy pathway walking into work.
The distinction here is that the injury occurred at the job while performing job duties or en route to job duties.
Disability functions similarly but differ in that the injury or illness is not work-related. Perhaps the employee slipped at home or was in a motor vehicle collision. Maybe they were at a family get-together, became nostalgic about their high school football days, and found out firsthand that tackle football without pads is a bad idea.
Short-term disability helps an injured or sick employee recoup lost wages when they expect to return to work in a relatively short period of time.
How long does short-term disability insurance cover?
Every plan is different, but short-term disability insurance plans often cover an employee who is out for approximately 3 to 6 months. It may include initial doctor’s visits, the doctor’s recommendation for a recovery period, and follow-up visits regarding the injury or illness.
Some short-term disability insurance plans may include pregnancy and childbirth, allowing new mothers to rest assured knowing their job is safe and they will not be losing paid time during what’s supposed to be a happy moment in life.
Is short-term disability right for your employees?
Offering short-term disability to your employees shows that they are protected and that you have considered their best interests. It positions you as a quality employer with employee-focused company culture, reducing the turnover rate and maximizing employee retention.
In a marketplace where top talent is hard to find, hire, and keep, it’s a useful step towards being an industry leader.
Take that first step today by contacting Employee Retention Benefits and finding out more.