What Are Employee Benefits?
Your employees are the foundation of your business. Providing them with benefits not only rewards them for their hard work, but also increases their commitment to your company. Whether you’re implementing employee benefits or looking for solutions to your current strategy, our agents can design and implement a plan that works for your company and your employees.
Employee Benefits are the insurance policies that a business offers to its employees. At The Yates Agency, we offer both employer-funded and employee-funded voluntary benefits. Employer-funded benefits are sponsored by the company, which pays the policy premiums. With employee-funded voluntary benefits, an employee may choose whether to opt-in to the policies. These policies are often offered in addition to the standard benefits package provided. Premiums are usually deducted from the employee’s payroll, and the group rate can be attractively lower than the employee may be able to secure individually.