68% of HR professionals said they had difficulty recruiting candidates for full-time positions.
Source: The New Talent Landscape: Recruiting Difficulty and Skills Shortages, Society for Human Resource Management, 2016
Attract and Retain Employees
You already know a strong benefits package plays a key role in hiring and retention. But as the workforce evolves, candidates are looking at factors beyond salary. They also value both traditional and nontraditional benefits. How can you use your benefits package to draw and keep the best talent?
The Hidden Puzzle Piece
When you think about employee benefits, health insurance and PTO probably spring to mind. But disability coverage? It’s easy to forget this piece of your benefits plan. But it’s a key part of completing your employees’ financial wellness puzzle.
Disability insurance pays part of a sick or injured employee’s salary when they can’t work. But it should do more. Coverage that comes with personalized, holistic support can actually help employees stay at work or get back to work faster.
Benefit Packages That Work
Disability insurance is a great recruiting and retention tool — if employees understand it’s value. Share our video to help them understand this important form of paycheck protection.
Learn more about The Standard's:
Short Term Disability Insurance
Complement Your Medical Coverage
What else can you do to attract, support and retain top talent?
Round out your benefits package with Group Accident, Critical Illness and Hospital Indemnity insurance. These plans can pay for things medical insurance doesn’t cover, like co-pays, deductibles or whatever employees decide. Access to this much-needed protection comes at competitive group rates.
Accident Insurance
After an accident, employees may need help with costs that medical insurance doesn't pay for. Accident insurance pays cash benefits to employees receiving treatment for injuries.
Critical Illness Insurance
A major illness can lead to expenses that medical insurance doesn't pay for. Critical Illness insurance provides cash to employees diagnosed with a serious illness.
Hospital Indemnity Insurance
Being in the hospital may leave employees with expenses their medical plans don't cover. Hospital Indemnity insurance pays cash benefits to employees who've been hospitalized.
Close to 33% of all employees report being distracted by personal finance issues at work.
Source: Remaining Competitive in a Challenging Talent Marketplace, Society for Human Resource Management, 2017
How can you help relieve stress over personal finances?
- Provide access to retirement plans, calculators and education that guide them in saving for their post-work future.
- Offer insurance that lets them prepare for the surprise costs of an illness or injury.
Help Employees Achieve Retirement Readiness
Offering tools to help save for retirement can make your company more attractive to potential and current employees.
Some Employees Need More
Disability, Accident, Critical Illness and Hospital Indemnity insurance can take employees’ minds off their finances so they can focus on their jobs.
Closing Income Protection Gaps for Top-Tier Employees
Highly paid team members can face coverage gaps with Long Term Disability insurance alone. Guaranteed Standard Issue disability insurance can help shrink the gap for this group of employees.