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Can You Retain Employees With Better Group Benefits?

By March 30, 2023February 6th, 2024Employee Benefits

As employees become more selective in who they choose to work for, group benefits are becoming an essential component of comprehensive employee compensation packages and play an increasingly significant role in employee retention. Providing better benefits can be an effective strategy for retaining employees. Below, the insurance professionals at Unity Insurance discuss how group benefits can help you retain employees.

How Are Group Benefits Important for Retaining Employees?

Since the beginning of the remote work era we’ve all heard about how workers want better work-life balance, but they are also still seeking more traditional benefits out of their employment, such as health insurance, retirement plans, disability coverage, life insurance, and more. By offering competitive benefits, employers can provide their employees with financial security and peace of mind which results in making them more likely to stay with your company over the long term. By investing in their employees’ well-being by providing financial security and promoting health and wellness, companies can create a loyal and productive workforce, which can lead to long-term success. 

Companies that provide better group benefits can look forward to obtaining:

  • Employee loyalty: By offering comprehensive group benefits, employers show their employees that they care about their health, wellness, and financial security. This creates a sense of loyalty among employees who feel valued and appreciated.
  • Competitive edge: Group benefits help employers attract and retain talented employees. Today’s job seekers are looking for more than just a salary, and they want to work for companies that offer competitive benefits packages.
  • Financial security: Group benefits provide financial security to employees by offering insurance coverage for health, disability, and life insurance, among other things. This security helps employees focus on their work, rather than worrying about their financial well-being.
  • Health and wellness: Group benefits also include wellness programs that promote healthy lifestyles and help employees stay healthy. This can lead to fewer sick days, increased productivity, and improved job satisfaction.

Recruiting Top Talent With Better Group Benefits

While recruiting a competitive workforce is a major benefit, offering better group benefits is also an excellent way for employers to attract top talent to join your team in the first place. When job candidates are comparing job offers, they often look at the benefits package in addition to salary and other perks. If your company offers more generous benefits than its competitors, it can be a strong selling point that can help you attract the best employees over your competitors. The experienced professionals at Unity Insurance can help you choose a plan that is the right fit for your team.

Consider Flexible Work Options

Offering flexible work options to employees, such as remote work or flexible scheduling, can have many benefits for both the employees and the employer. However, one of the most important benefits is that it increases job satisfaction and morale. Employees who have more control over their work schedule and environment tend to feel more satisfied and engaged with their work.

Flexible work options allow employees to better balance their work and personal responsibilities. This can lead to less stress and burnout, which in turn can improve employee mental health and overall well-being, and lead to increased productivity, which is a win-win for both employees and employers.

We are here to serve as your advocate.

Unity’s insurance professionals serve as your advocate from the very beginning. From selecting coverage to filing a claim, we are by your side every step of the way. Additionally, we understand that the insurance process can often feel overwhelming, and having a business advisor you trust can provide needed comfort. At Unity Insurance, we prioritize community, working diligently to keep you covered, so that you can make an impact.

Speak With An Agent At Unity Insurance About Your Insurance Needs Today

At Unity Insurance, we know insurance plays a vital role in every stage of your life and business. Our professionals provide guidance and support to ensure you make the right decisions. We work with our clients to provide the best plan to suit individual needs. Call 410-539-6642 to learn how the experienced insurance agents at Unity Insurance can assist you.