Employers are increasingly implementing voluntary benefits to satisfy a full range of employee and employer needs, according to a recent LIMRA study. Consider the following:
- Of all American employers with over 10 employees, approximately 64% offer at least one voluntary benefit.
- 62% of employers consider voluntary benefits important, and one quarter of employers will add a voluntary plan in the near future
According to the Metlife 8th Annual Employee Benefit Trends study, 60% of all employees agree that voluntary benefits provide them with additional coverage to supplement employer-sponsored benefits.
Furthermore, more than a third (35%) of employees are prepared to shoulder more of their benefits cost burden if it means that they do not lose the benefits that they value.
Advanced Benefit Concepts can help your clients implement voluntary benefits that will give their employees the benefits and services that they are looking for. Over 43% of employees feel that benefits are an important reason to stay with their current employer.
Please call Advanced today at 856-427-9300 to find out how we can help you.