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Article: 10 tips for success with voluntary benefits.(Voluntary)
- Article from:
- Employee Benefit News
- Article date:
- June 15, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Patrick J. Haraden
As the costs of traditional employee benefits continue to increase, many employers are re-evaluating their offering of voluntary benefits. Employers can gain from offering voluntary benefits because they can increase employee morale, loyalty and productivity.
Voluntary benefits can be advantageous for employees and their dependents because the plans allow them to purchase insurance at lower group rates and have access to benefits and benefit levels that may not be available to them on the individual market. Some employers have included voluntary benefits as part of their overall employee benefits strategy; others have used them ...