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What are voluntary benefits?

WEX Inc.

Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings.

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Importance of Employee Benefit Package And Why it Matters

HR Digest

A strong employee benefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. Employee benefits have become an essential part of any competitive compensation package.

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Hospital Indemnity Insurance a Key Voluntary Benefit

InterWest Insurance Services

For example, even with insurance, treating a broken leg or undergoing emergency appendicitis surgery can mean thousands of dollars in out-of-pocket medical costs. Fortunately, employers can help by offering their workers voluntary hospital indemnity insurance that can provide peace of mind in case they have a serious medical episode.

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Besides Health Insurance and 401(k)s, These Are the Benefits Employees Value Most

InterWest Insurance Services

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vice president of People and Communications at Unum.

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How to offer health insurance as a small business

Higginbotham

They want to be fairly compensated for their work, and that usually involves both wages and employee benefits. Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. Health insurance matters to employees.

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Benefits in a Multi-generational Workplace

InterWest Insurance Services

Because of this, employers have to be crafty in how they set up their benefits packages so that they address these various needs. But don’t fret, getting something that everyone likes into your package is not too expensive, particularly if you are offering voluntary benefits to which you may or may not contribute as an employer.

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Is pet insurance worthwhile? The facts on pet insurance plans

Higginbotham

It’s generally accepted that people should have health insurance. Veterinary bills can be expensive, especially when unexpected accidents and illnesses are involved, and pet insurance can help cover the costs. Some pet owners buy coverage on their own, but pet insurance has also emerged as a popular employee benefit.