What do Employees Look for in a Benefits Package?

Chris Freitas • Jul 21, 2023

Attracting and retaining skilled employees is crucial for the success of any business. That’s why offering a comprehensive benefits package can make a significant difference in attracting top talent and keeping your current employees satisfied. In a survey conducted by Forbes Advisor, it was found that 40% of employers believe that workers leave their jobs in search of better employee benefits. Therefore, it's essential for employers to understand what benefits are most sought-after by employees to build a competitive package that meets their needs. Let’s discuss the kinds of benefits that employees are looking for.

The most sought-after employee benefits

Employer-Covered Healthcare: Both employees and employers agree that healthcare coverage is the most important benefit. It provides employees with the security of having their medical needs taken care of and helps employers retain a healthy and productive workforce. You can read more about the value of employee wellness here.

Life Insurance: Life insurance is another crucial benefit that provides financial protection to employees and their families in case of an unfortunate event. It is considered an essential aspect of a comprehensive benefits package, and employees will often look for this kind of coverage when finding a new job.

Pension and Retirement Plans: Planning for the future is vital, and employees appreciate having retirement plans that help them secure their financial stability after they stop working. This is one of the many ways that employers can help incentivize employees to perform their job effectively in the long-term.

Mandatory Paid Time Off: Offering paid time off is highly valued by employees, especially as it allows them to take care of personal matters, spend time with family, and recharge when necessary. Allowing employees to handle personal matters gives them the peace of mind to perform their role effectively.

Mental Health Assistance: Mental health support is gaining importance as employees recognize the significance of emotional well-being. Employers should consider providing resources and support to help their staff cope with stress and mental health challenges.

Most Important Culture Benefits

Apart from tangible benefits, a positive company culture is essential for employee satisfaction and engagement as well. Let’s discuss the types of work benefits that employees often look for when accepting a new job.

Work-Life Balance: Both employees and employers agree that work-life balance is the most valued element of company culture. It shows that the company cares about the well-being of its employees, leading to increased loyalty and productivity. A healthy balance between the two helps to maintain the quality of an employee's work as well.

Building Trust: Trust is a critical aspect of a positive work environment. While this goes both ways and employees need to earn the trust of their employers, employers can give employees the opportunity to prove their ability to work independently. When employees feel trusted by their superiors and peers, they are more likely to be engaged and committed to the organization.

Give employees what they want

As the job market becomes increasingly competitive, offering a robust benefits package has become essential for attracting and retaining top talent. Employees are seeking a combination of financial security, work-life balance, and a positive work culture.

At KBI Benefits, we understand the importance of designing a comprehensive benefits package that meets the needs of your employees while being cost-effective for your business. With a focus on the most sought-after benefits, we can help your company develop an employee benefits plan that attracts and retains top talent.

We help businesses like yours save up to 40% on your benefits expenditures with creative financing while offering a competitive package that keeps your employees happy and engaged. Contact a KBI Benefits agent today to learn more and enhance your employee benefits package for a happier, more productive workforce.

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How to Receive UnitedAg Medical Insurance

by Chris Freitas • 06 May, 2024

As the agricultural sector evolves and expands, the need for comprehensive medical plans tailored to the unique demands of this industry has become more pronounced. That’s why KBI Benefits is proud to offer UnitedAg medical plans designed specifically for agribusinesses, providing a robust solution to protect your employees and your agribusiness. Let’s discuss what agriculture medical insurance is, who it’s for, and how KBI Benefits can help you get started. What is Agriculture Medical Insurance? Agriculture medical insurance, particularly in the context of medical plans, offers coverage that protects farm owners, operators, and their employees against the financial burdens of medical expenses. This insurance is essential for mitigating the risks associated with illnesses and injuries that can be common in a physically demanding job. Health insurance for agribusinesses not only covers medical and hospital bills but often also includes wellness programs and preventive care, which are crucial in maintaining a healthy workforce. How to Receive Agriculture Insurance for Your Agribusiness The scope of agriculture medical insurance, extends to many entities in the agricultural sector, including entities that empower or influence agricultural businesses. This includes: Agriculture Production: Businesses engaged in crop and livestock production. Agricultural Services: Companies providing support services to the agriculture sector, such as soil preparation, planting, and harvesting. Forestry and Timber: Entities involved in the management and production of forest resources. Commercial Fishing and Hatcheries: Businesses focused on the breeding, raising, and harvesting of fish and other aquatic species. Agribusiness Support: Firms involved in the processing, distribution, and marketing of agricultural products, as well as those supplying equipment and inputs like seeds, chemicals, and machinery. To qualify for UnitedAg medical plans through KBI Benefits, companies must demonstrate that they derive at least 51% of their income from production agriculture or agribusiness-related activities. Most businesses within the Standard Industrial Classification (SIC) Codes for Agriculture, Forestry, and Fishing are eligible, although there are specific criteria and exceptions that may apply. Speak with a KBI Benefits agent today to learn more. How KBI Benefits Facilitates Agriculture Insurance KBI Benefits, in collaboration with UnitedAg, provides specialized medical plans tailored to the needs of the agricultural industry. Our recent appointment to offer agriculture medical plans underscores our commitment to enhancing the well-being of those who work hard to feed the nation. Here's how we help: Customized Solutions: We understand that no two agribusinesses are the same. KBI Benefits offers personalized consultations to ensure that the coverage meets the specific needs of each business, considering factors like company size, types of activities, and employee needs. Easy Accessibility: Our team of dedicated agents is just a call away, ready to guide you through the process of selecting and setting up the right plan for your business. Comprehensive Coverage: The UnitedAg medical plans offered by KBI Benefits cover a range of health services, from emergency care and hospitalization to preventive wellness programs, ensuring comprehensive coverage for your workforce. Support and Advisory: Beyond just providing insurance, we serve as a partner in ensuring the health and productivity of your employees, offering ongoing support and advice regarding your agriculture medical insurance to keep your operations running smoothly. Conclusion The health of your employees is as critical as the health of your agribusiness. In an industry as physically demanding as agriculture, having the right medical coverage is not just beneficial; it's essential. Protect your most valuable asset—your people— by speaking with a KBI Benefits agent today . We'll help you choose the agriculture medical insurance plan that best suits your agribusiness's needs, ensuring peace of mind and fostering a healthier, more productive workforce.