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Employee benefits are added bonuses or perks provided to employees on top of their salary. It is in your company’s best interest to provide employees with benefits because you will be able to attract and retain quality employees.
Here are just a few of the employee benefits that Canal HR can help you provide:
401K
Medical Insurance
Life Insurance
Dental Insurance
Disability Insurance
Cancer Insurance
Along with these benefits, we offer additional services such as free discount prescription drug cards and employee assistance programs.
A good benefits package will help you retain employees and prevent them from leaving your company for competitors. Along with many other important aspects, they will also encourage your employees to become more engaged with the programs that you offer. If your staff utilizes your health insurance program, you will have fewer employees getting sick—reducing your company’s healthcare costs.
Obviously business owners want to acquire high-quality workers, but they don’t just fall from the sky. Acquiring these workers requires your business to have a strong foundation. Employee benefits can differentiate your business from other companies. Offering more than just the base salary makes your business more attractive.
When your business provides employee benefits, employees will be more dedicated to their job because the benefits make them feel understood and secure. Showing your workers that you care about them is an organic way to increase their loyalty—in turn, you will receive their best work.
It can be strenuous to make exponential progress when you have employees coming and going. This makes it even more difficult to establish a team with high skill levels about your company. Employee benefits administration outsourcing is a sure way to retain employees.
Have you ever gone to work sick? You were probably not as productive as you would have been had you felt your best. When your business offers employees access to healthcare programs, fewer employees will call out sick because they will go to the doctor frequently. The overall work environment will be healthier, as well, because more people who are healthy and ready to work means increased productivity and profitability.
Companies that outsource their employee benefits administration to Canal HR’s expert team give us the responsibility of managing those benefits. Our program is designed to make it possible for business owners to dedicate more of their time running their businesses. The administration of employee benefits can be a complex task with a lot of paperwork for business owners.
Whether you are a small business owner or run a larger company, managing your employees’ benefits is a task that requires a lot of time and paperwork. Canal HR’s employee benefits administration outsourcing program takes care of all of that for you.
Our clients are able to choose between group health plans or individual health plans. Group health plans will require the employer to contribute a portion of the premium in a group plan, but an individual health plan does not require employer contributions. With our medical insurance program, you can ensure that your employees are at their optimum health when they show up to work.
Although this isn’t the most pleasant topic to think about, everyone should be prepared. When you pass away, you can protect your family from financial hardship with our life insurance policy. Our policy allows up to $300,000, and can include coverage for spouses and children. You can keep your employees at ease with life insurance coverage.
Keep your employees smiling with Canal HR’s dental insurance. Employees can become eligible for dental coverage after six months of employment. Our dental plans include:
In the unlikely case that your employees become injured or sick, Canal HR’s disability insurance can help you provide them with a monthly income while they are out of work. We have options for both short term and long term benefits.
An added bonus to our disability program is that some of our coverage is fully portable and guaranteed renewable. Increase your employees’ loyalty and improve your company’s foundation by helping them when they can’t help themselves.
According to the American Cancer Society, cancer is the second most common cause of death in the United States—accounting for 1 in 4 deaths. Battling cancer is a fight that is not easily won. It can be mentally, physically, and financially draining. Canal HR’s cancer insurance covers the expenses that are not covered by traditional insurance, which help to reduce stress induced by financial burdens.
Our policy provides cash benefits paid to employees who are battling cancer. They include:
Employees battling cancer do not have to fight the battle alone. Your business can help alleviate some of the pain with Canal HR’s cancer insurance coverage.
Contact us today if you want Canal HR to take the paperwork off your hands so you can focus on running your business. Our team of experts will handle all your employees’ benefits administration with care. To learn more about the benefits of outsourcing your employee benefits administration, give us a call today or send us an email to schedule a free consultation.
