Help Attract and Retain Quality Employees with Specialty Benefits
bcbsm
| 2 min read
These days it’s challenging to find and keep quality employees. To be competitive, its important employers develop internal strategies to attract talented individuals to be loyal, long-term employees. Providing health benefits is important for recruiting, but even more for retention. The Society for Human Resource Management reported that 56% of people stated the health benefits they were receiving from their employer was a key factor in deciding to stay in their current job. Offering Specialty Benefits such as Life, Disability, Accident, Critical Illness or Hospital Recovery to your portfolio as either a fully funded or voluntary benefit option, can set your business apart from the competition. Specialty benefits provides a “3P” approach - giving employees the option to:
- Protect their finances
- Plan for the unexpected
- Protect their families
To keep your employees engaged in his or her job you should consider the following when creating your internal employee retention plan:
- Competitive salary and offer benefits beyond the basics
- Make work-life balance a priority
- Hire the right individual the first time
- Reduce employee ‘pain’
- Be a leader – NOT a boss
- Transparency, employee recognition and ease of communication
- Allow an employee to be proud of where they work
We offer employee surveys to help an employer determine what specialty benefits would be a benefit to their staff based on the results. This will help engage your employees and help minimize employee confusion while offering competitive benefits. To get a copy of our employee survey email Blue Cross Specialty Benefits at specialtybenefits@bcbsm.com. To learn more about us visit Blue Cross’s Specialty Benefits page or read these blogs:
- 3 Reasons Millennial's Need Ancillary Health Insurance
- Specialty Benefits Provide Financial Security to Employees
- Businesses Find their Competitive Edge with Specialty Benefits
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