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[ My Benefits ] [ Benefit Essentials ] [ My Benefits Statement ]
We have the ability to provide each of our customers with their own
private employee benefits website. MyBenefitsToday allows employees to
view introductory plan information, benefit plan highlights, frequently asked
questions, and links to carriers' websites. Employees can also search for a
local provider, view eligibility and employee handbooks, and download forms.
Is Your Company Getting All The Bang It
Deserves From Your Benefits Bucks?
According
to a recent study, the average employer in the U.S. spends 42 percent of payroll
for fringe benefits. Thus, an employee earning $30,000 a year is receiving
fringe benefits worth $12,600. Industry surveys show that while employees
receive thousands of dollars in statutory and fringe benefits annually, many
have no idea what their benefits are or how much the employer is paying for
those benefits.
Our $30,000 a year employee is really being paid $42,600 a year in salary and
benefits but he doesn't know it.
Since most employees do not understand what their benefits are or how much
they cost, they usually have little appreciation for them. And when employees
don't appreciate what their employer is doing for them in the way of fringe
benefits, they often become unhappy with their benefits program, and that leads
to poor morale, higher turnover and reduced productivity.
On the other hand, when employees understand and appreciate their benefits,
morale improves which leads to reduced turnover, higher productivity and greater
profits.
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