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
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?
Source: The New Talent Landscape: Recruiting Difficulty and Skills Shortages, Society for Human Resource Management, 2016
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.
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
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.
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.
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.
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.
Source: Remaining Competitive in a Challenging Talent Marketplace, Society for Human Resource Management, 2017
Offering tools to help save for retirement can make your company more attractive to potential and current employees.
Disability, Accident, Critical Illness and Hospital Indemnity insurance can take employees’ minds off their finances so they can focus on their jobs.
Highly paid team members can face coverage gaps with Long Term Disability insurance alone. Guaranteed Standard Issue disability insurance can help shrink the gap.
Navigator Mobile provides 24/7 access to all benefits plan resources in one place on a mobile device. This tool can help employees see what benefits they have, how to use them and why they're valuable.
The Standard is a marketing name for Standard Insurance Company (Portland, Oregon), licensed in all states except New York, and The Standard Life Insurance Company of New York (White Plains, New York), licensed only in New York. Products and availability vary by state and are solely the responsibility of the applicable insurance company.