Tarpey Group

Some American companies that already provide cafeterias, vending areas, and lunchrooms onsite for their employees are looking at healthier food options. The hope is that these kinds of healthier employee benefits solutions will lead to a healthier workforce and lower health insurance premiums. According to the Sustainable Cities Institute, some companies might find it worthwhile to include sustainable, renewable food packaging and food service products in their new endeavors. Others might utilize compost piles, wherever possible, and doing away with all waste material from their company cafeterias. 

Many occupations in the workforce involve long hours of sitting or standing which may impact health status negatively. One of the most successful employee benefit solutions may be in the form of workplace wellness programs. Most adults who are working full-time spend more of their waking hours at their place of employment than any place else. This presents the employer with a prime opportunity for influencing the health habits of employees. Some companies have installed workout rooms with weight training equipment and treadmills, or even full gyms with showers and lockers, for use by employees before and after work or during lunch.

Some of America’s best companies provide onsite daycare centers for the children of their workers as part of the company’s employee benefit solutions. Having their children close by in a quality environment may lower the stress level of employees, keep them from being distracted by childcare concerns, and help them to be more focused and productive during working hours. There may also be tax benefits to both employer and employee under the Dependent Care Assistance Plan (DCAP) for workplace childcare provision.

Financial annuities are investments that are handled through your insurance company. They may be used to supplement your retirement pension or Social Security benefits to give you an additional income on a regular basis. There are various types of financial annuities which give the investor some flexibility in how money is invested and how it is paid out.

Self-funded insurance plans may prove to be successful employee benefit solutions to help keep costs down for both the employer and the employee. In short, the employer assumes the risk of paying for claims up to a designated dollar amount. Claims that exceed that figure are covered by the insurance company, acting as a “stop-loss” carrier. The shift to a self-funded program is transparent to the employees as their benefits do not change. Stop-loss insurance may help to prevent major losses that might occur as a result of self-funded insurance.

Should you need to save money for a long-range goal or you need a guaranteed source of income for a span of time, financial annuities may be an investment vehicle for you to consider. When you purchase an annuity from an insurance company which will invest your money for you, you should receive payments from your investment over a span of time. In the event that you choose to take the annuity payments over your lifetime, you may have a guaranteed income stream for life.

Offering employee benefits solutions to your staff may help you attract and keep quality team members. Another way to boost morale is host a fun-filled office party. Read on to find out how to host a quality party that is sure to have your staff smiling.