Employee Retention Benefits (ERB) is equipped to help businesses of all sizes, but you should read on to see how we aid small ones too.
Why Provide Benefits Even If You’re A Small Business
The main purpose of voluntary benefits is to make sure your employees are cared for.
This means they are able to get back to work faster after injuries or illnesses because they have the right treatments. For a small business, this is even more important than it might be for a larger business that can afford to have employees taking time off.
It also lowers the stress and worries employees would otherwise have about how they’re going to afford treatment or their fears about getting hurt.
All of this results in employees who are happier to stay right where they are. This causes less stress on you, thanks to a lower likelihood of training new hires as well as slightly fewer disgruntled employees to deal with.
As small businesses are more likely to have turnover due to people tending to prefer the idea of moving to a bigger company where they can climb higher, this makes enticing benefits even more important.
The Special Needs Of Small Businesses
Small businesses often can’t afford to have someone on the payroll solely to help with benefits enrollment. This is why small businesses need their provider to give them the proper support.
True, paying for a provider to take charge might seem like it would be too costly. Therefore, a small business needs cost-effective plans, which is where our small group medical insurance plans come in. These are cheaper than individual insurance plans, making them perfect for you.
Reasons Why Enrollment Needs Support
There are tons of details going into enrollment, arguably the most important of which is the legal aspects of it. After all, there are laws about how much benefits you can and can’t give your employees.
Giving your employees too little in terms of health benefits can get you in deep legal trouble with various consequences, none of which you’ll want. We’ll take care of making sure everything is in order.
Also, employees are almost sure to have a few questions about enrollment. Then, if they still accidentally fill something out wrong, which happens sometimes despite efforts to avoid this, support will be needed to make the required corrections to fix it.
