According to a wide array of studies, disability income has proven to be highly desirable when it comes to employee benefits.
According to a wide array of studies, disability income has proven to be highly desirable when it comes to employee benefits. In fact, it isn’t all that surprising when you think about it. There are so many factors that make disability insurance look as good as it does from an employee benefits perspective. So how is disability insurance becoming increasingly popular among both employers and employees alike? Here are just a few reasons.
Employers Win
Having disability insurance provides an incentive for employees which means that employers can attract and hire the top tier talent in their respective fields. In fact, competitive benefits packages are increasingly becoming more and more routine among companies who are looking for the best candidates to hire. As a result, recruiting employees is no longer just about focusing on the interview process and getting the best talent via interacting with them. Now, employers have to think outside the box and ensure they provide their employees with extraordinary voluntary and supplemental benefits if they want to retain the best talent available.
Employees Win
When it comes to disability insurance, employees also win. In fact, disability insurance provides employees with easy and convenient access to additional income and revenue to protect their most prized assets. As a result, the ability to earn an income even when disabled is something that any employee would want to have.
Focus On Incentive-Based Compensation
For most group long term disability insurance, guaranteeing a base salary is the norm. However, to truly provide employees with a high disability benefit, consider incentive-based compensation. Whenever disability or an injury occurs, without any plan to address it beforehand, many valuable employees can be left in a devastating financial predicament. Providing them with the opportunity for more financial security even when they are physically unable to work, can be all they need to bounce back from said disability more quickly.
Get Your Voluntary and Supplemental Insurance Policies with the MWE Partnership!
Are you a business looking to provide your employees with essential voluntary benefits? If so, look no further than The MWE Partnership. With The MWE Partnership, you get experienced service and comprehensive voluntary benefit options that will meet the needs of all your employees. With over 17 years of experience, The MWE Partnerships is your one-stop shop for all your supplemental benefit needs. If you are interested in finding out how The MWE Partnership can help your business, then contact us today! Also, be sure to like our Facebook page, follow us on Twitter, LinkedIn, and Google+ for all the latest voluntary benefit news!