10 Types of Employee Benefits You Definitely Should Be Offering

As an employer, offering benefits to your employees is important. Benefits enhance the employees' quality of life and result in greater productivity and lower turnover. Research shows that small to mid-sized businesses are less likely to offer benefits to full-time employees. 

At PRO Resources, we make it easier and cheaper for businesses to provide employee benefits. We offer employee benefits packages for small businesses, enabling them to remain competitive. Continue reading to gain insights into how to improve employee benefits. 

How to Build a Competitive Employee Benefits Package 

Partnering with PRO Resources enables your business to build a competitive employee benefits package. Here are some benefits that we typically incorporate: 

1. Medical Insurance

The medical insurance offered to employees in partnership with PEOs is more all-rounded. For instance, the package includes mental health, emotional well-being, and physical fitness perks. PEOs also offer small and mid-sized businesses better medical insurance rates. 

At PRO Resources, we offer your employees medical insurance rates at par with those of large corporations. We also negotiate with health insurance providers on your behalf to access the best benefits for your employees. 

2. Dental Insurance

A comprehensive employee benefits package typically includes dental insurance. When you partner with a PEO, your employees get access to the best dental coverage at minimal cost for your business. At PRO Resources, our dental insurance is beneficial to employees since it includes the following plans: 

  • Preventive care 
  • Prosthodontics 
  • Restorative care 
  • Periodontics 
  • Orthodontics 
  • Oral surgery
3. Vision Insurance

Vision insurance in the employee benefits package allows your business to offer premium coverage at an affordable cost. Your employees also access ongoing eye care, including contact lenses, routine eye examinations, and prescription glasses. 

4. Life Insurance

When you partner with PRO Resources, we handle your business' life insurance obligations on your behalf. This enables you to focus on other core organizational tasks and responsibilities. Our life insurance package benefits your employees because it includes better terms. 

5. Health Savings Account (HSA)

PEOs minimize the time and expense burden of providing healthcare plans to individual employees by assuming the management of the programs. Health Savings Accounts (HSA) constitute a key option for managing your employees' medical costs. The HSAs offered by PRO Resources are beneficial to your employees in the following ways: 

  • Your employees' HSA funds increase tax-free 
  • Our HSAs offset the cost of deductibles in your employees' health plans 
  • Our HSAs are flexible 
  • Our HSA plans allow your employees to invest in various investment vehicles once they reach a particular threshold

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6. Accident Death & Dismemberment (AD&D) Insurance

PEOs play a pivotal role in reducing employee benefits costs. When you partner with PRO Resources, you can expect to benefit from reduced costs of offering AD&D insurance benefits to your employees. Thanks to our broad client base, we have the means to negotiate better terms with AD&D insurance providers.   

PRO Resources' AD&D insurance plan incorporates multiple forms of injury, impairment, or dismemberment. This allows your employees and their families to receive cash benefits if they get injured or die at work.  

7. Disability Insurance

PRO Resources' employee benefits packages for small businesses include a disability insurance plan. We help your business comply with existing laws by replacing a proportion of disabled workers' income when it affects their ability to work. Our insurance plan allows disabled employees to be on par with non-disabled employees. 

8. 401K Retirement Plans

PRO Resources 401K retirement plans benefit your business by offloading your fiduciary liabilities and reducing costs. Our 401K retirement plans also give your workers tax breaks on their monetary contribution. We allow your employees to choose an investment fund from various offerings and automatically withdraw contributions from their paychecks. 

9. Paid Time Off

As a small or medium-sized business owner, paying employees for time off can be costly. PRO Resources' employee benefits packages for small businesses help offset these costs by offering your employees paid time off. Your employees also achieve greater job satisfaction and higher motivation levels by getting paid for time off. 

10. Wellness Benefits

PRO Resources' employee benefits package includes a wellness benefits program for your employees. The plan benefits employees by boosting their morale, engagement, health behaviors, productivity, and attendance. The program also allows your business to have fewer workplace conflicts since employees have reduced stress levels. 

You can expect your organization to achieve short, medium, and long-term goals and boost financial performance. 

Improve Employee Benefits with PRO Resources  

PRO Resources makes it easier and less expensive for businesses to provide benefits. Offering employee benefits leads to reduced costs, higher employee productivity, and lower turnover. Employees also benefit from paid time off and 410K retirement plans with better returns.

 

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