Risk & Business Magazine General Insurance Service - Page 31

EMPLOYEE BENEFITS
" KEEPING YOUR EMPLOYEES PROTECTED AND SECURE WILL ENSURE GREATER PRODUCTIVITY AND ATTRACT BETTER TALENT ."
DEMOGRAPHIC RESEARCH
By evaluating your employee population , you can help predict which benefits may be important to them . Younger employees value flexibility and personalization while employees who have been in the workforce longer value health care and comprehensive retirement plans .
No matter which research method you use , make sure you have the data needed to formulate a comprehensive and competitive health care plan .
PROMOTE THE VALUE OF YOUR BENEFITS Lastly , you should promote the value of your benefits :
• Highlight benefit offerings in job postings and discuss benefits during the hiring process .
• Promote benefits during onboarding and open enrollment . If possible , have human resources staff or a benefits adviser help employees understand and select the options that best fit their individual needs .
It ’ s a good idea to send reminders throughout the year about various benefit offerings with specific examples of their value .
The following is a list of benefits to consider when putting together your package :
• Health insurance
• FSA ( Flex Spending Account )
• HSA ( Health Savings Account )
• Dental / Vision
• Short-Term and Long-Term Disability
• Life Insurance
• Supplemental Policies PLAN AHEAD
If you are interested in conducting a needs assessment , talk to your advisor six months before your benefit plan is set to renew . This will give you plenty of time to work together to moderate your research techniques and evaluate utilization review data and demographics .
Your advisor can then provide you with the guidance needed to formulate changes to your employee benefits plan and implement a new strategy for the upcoming plan year . +
BY : CANDACE ARVIN , EMPLOYEE BENEFITS ADVISOR , GENERAL INSURANCE SERVICES
Martin W . Kus
ATTORNEYS AT LAW
James W . Kaminski William S . Kaminski David P . Jones Matthew J . Hagenow
Kristina J . Jacobucci Nicholas T . Otis Anthony G . Novak Alyssa N . Speichert
916 Lincolnway • La Porte , IN 46350 • P : ( 219 ) 362-1577 MICHIGAN CITY P : ( 219 ) 879-6300
Candace Arvin was born and raised in Chesterton , Indiana . After graduating college with a degree in Business Administration , she spent five years working in the healthcare industry where she gained a multitude of experience serving populations ranging from pediatric to geriatric . She enjoys volunteering in the community and serves on the Hobart Chamber of Commerce Board of Directors . In her free time , Candace enjoys visits to the beach , kayaking , reading , and spending time with friends and family .
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