The Benefit Of
emaining competitive in the
hunt for the right job candidates
who will propel your business
to success is a struggle. Once
you find the people you need,
you have to convince them that your
company is a better place to work than your
competitors. A strategic, quality benefits
package can help you attract and retain
those top employees.
Employees value a well-rounded selection
of benefits, and health insurance, a 401(k)
plan, life insurance and dental coverage
are a few of the plans that you can consider
Benefits packages offer value to your
employees and help you boost productivity
and retention in a cost-effective manner.
Here are a few of the advantages of
offering employee benefits as part of your
TALENT ATTRACTION AND RETENTION
Employees highly value a good benefits
package. Developing a strategic benefits
package that targets specific types of
employees can help attract the right job
candidates to keep your organization
running at peak efficiency.
Once you have these top-performing
employees at your company, providing a
tailored employee benefits package will
serve as a barrier to them leaving—a great
benefits package can be a huge advantage
when looking at retention strategies
because it holds more than just monetary
value for the employee. A bigger salary at
another company likely won’t be as strong a
pull for an employee tempted to leave if the
other company’s benefits package isn’t as
attractive as yours.
HEALTHY, PRODUCTIVE EMPLOYEES
When your benefits package includes a
combination of health insurance and
dental and vision coverage, you will have
employees who are able to take a proactive
role in managing their health. They will
have easy, affordable access to health care,
reducing absenteeism due to illness.
When they are on the job, healthy
employees are more productive than sick
ones. It’s beneficial for your company’s
productivity and your employees when
they have access to medical coverage and
time off when they are sick.
A good benefits package leads to satisfied
employees with higher morale. Employees
who find value in their benefits are
typically more willing to commit to their
company because it helps make them
feel valued—which leads to increased
productivity and decreased absenteeism.
ability to attract high-achieving employees,
increased difficulty retaining your top
performers, and lowered morale and
Offering a quality array of employee
benefits will pay off through a stronger,
more productive workforce with employees
committed to your company.
Working with JGS Insurance will help you
develop a strategic benefits package that
works for your budget and offers attractive
options to your employees. We can also
give you access to educational materials for
your employees as you launch your new or
improved benefits package. Contact us at
877-547-4671 or JGSinsurance.com. +
EFFICIENT USE OF RESOURCES
Offering valuable benefits can help lower
top employees’ expectations for salary.
Many employees are willing to accept good
benefits in lieu of a slightly higher salary.
This is an advantage to your budget
because the value you present to employees
with benefits, especially health insurance
plans, can be monetarily equal to a raise
in salary for them, while costing you less
due to group rates and lower payroll taxes.
Employers can avoid the hidden cost of
paying extra payroll taxes on higher salary
by instead offering benefits to provide
similar value to employees.
Even if you think you can save a little
money in the short term by skimping on
employee benefits, you will eventually
face the consequences through a lowered
BY: BARRY E. FIELDS
VICE PRESIDENT OF EMPLOYEE BENEFITS
Barry Fields has over 29 years of employee
benefits experience advising clients in a
wide range of industries, professional and
industrial, public and private, throughout
the United States and worldwide.
Barry specializes in providing full-service
benefits consulting to clients including
program design, compliance, plan
funding, underwriting, wellness programs,
employee communications, benefits
administration, employee advocacy and
the use of effective strategies in benefits