Why Employers Should Offer Employees Health and Wellness https://www.facebook.com/salondeauville
Employer-provided benefits and perks in the form include various kinds of non-wage compensations offered to employees as well as their regular salaries or wages. Common examples where an employee exchanges salary for some form of benefits is usually referred to as “salary packing” or “pay for performance” scheme. This practice may have been prevalent in the past but is increasingly prohibited in today’s labor market because of the risks that are associated with such practices, especially since many employee benefits policies are tailored by the company to fit the particular needs of the business and may not necessarily be reflective of the interests of the employees. To make things more complicated, there are cases wherein benefits are actually mandatory under the law while in others, benefits can be requested by employees as voluntary or even employer-sponsored program as long as they meet certain requirements such as educational qualifications.
Benefits for employees may seem like an expense that has no correlation with the bottom line but this is not entirely true. In fact, there are numerous benefits that employers are required to offer their employees if they want to maintain their compliance with certain laws and regulations. It may seem that employees do not really benefit from these programs because after all, how much extra cash could they possibly gain from giving up a monthly or annual fee for the benefit? The answer is that employers serve a number of purposes, including building better working environments, preventing accidents on the job, ensuring that employees are treated fairly and boosting employee retention and productivity, and most of all to attract and retain the best talent available.
Health and wellness benefits are just one aspect of employee benefits that employers should consider. Other benefits that may be offered include mental health, accident insurance, vision care, life insurance, disability insurance, drug and alcohol rehabilitation, and professional liability insurance. To ensure that you are offering all of these benefits, consult with an experienced benefits advisor that will help you determine the programs that are currently offered and the benefits that will be offered in the future. With so many options available today, it is easy to understand why so many people have decided to take advantage of what benefits their employer can offer them.
