Employee Benefits Program: Design, Pricing and Consulting
Large corporations, small companies, and non-profit organizations all require the delicate balancing of finances, managing legal factors, promoting a healthy, compliant atmosphere and recruiting a productive, talented team of employees. One way to retain your key staff members is to provide employee benefits programs designed to improve their quality of life.
All employee benefits programs are tailored to your company’s size and needs, creating a customized plan that works for your desired coverage.
Your policy can include:
- Creation of solutions to help reduce costs while enhancing employee benefit programs
- Evaluation, implementation and ongoing consulting
- Plans to improve cash flow and lower taxes and program costs
Benefits Plans
Both enrollment and eligibility can be handled through your employee benefits program coverage. Assistance with vendors and insurance carrier selection along with retirement plan options are provided. Open enrollment and employee communications are handled by our team. Potential coverage can include:
- Absence, disability and leave
- Additional voluntary benefits
- Dental
- Medical
- Vision
How Can I Reduce Risks?
Remaining HIPAA compliant and following every law that can change frequently, especially in California, can be challenging. Our team develops a program with you to assess involved risks and create a customized plan to help reduce these risks through consultation and a plan of action. We support you along the way and ensure that paperwork is properly completed and submitted.
Wellness programs can also help reduce employee illness and sick time by offering health risk evaluations, health screenings and fairs, nutritional guidelines, education and other perks to help your staff lead healthier lifestyles.
What Are the Benefits of Employee Programs?
When designing a customized employee benefits program, you create a structure that will involve your entire team and increase employee value and retention. Health care expenses can become overwhelming, so every penny counts and should be adequately utilized to ensure that funds are not wasted. Employee benefits programs can be valuable and benefit both the employer and staff. When employees feel appreciated and their health and wellness are increased, productivity also significantly rises—a win-win situation.
Gallant Risk & Insurance Services, Inc., can help you determine if you want to match the standard for employee benefits programs or exceed that guideline to remain competitive in your field.
What Does the Law Require for Benefits?
Basic requirements for employee benefits may include time off for voting, military service or serving on a jury. Workers compensation has different benefits for every state, which can be discussed during your consultation. FICA taxes must be withheld from employee paychecks and paid by your company, which goes toward retirement and disability. Unemployment taxes are also required by state and federal guidelines. Federal Family and Medical Leave (FMLA) compliance is also mandatory for companies with over 50 employees. Other employee benefits programs are optional and highly recommended for employee value and work satisfaction.
How Do I Implement These Programs?
Our team of knowledgeable professionals is well-versed in employee benefits programs for design, pricing and consulting. Schedule your personal consultation with one of our team members in Corona, CA, to learn more about what services we offer by calling (951) 368-0700 or by filling out our online contact form. We look forward to hearing from you soon!