Employee Group Benefits

Why should I consider offering benefits to my employees?

Selecting the right benefits package for your business is a crucial decision that can profoundly impact your organization’s success and the well-being of your employees. In today’s competitive job market, attracting and retaining top talent requires more than just offering a competitive salary.

Moreover, employee benefits play a significant role in shaping organizational culture and employee engagement. A well-designed benefits package communicates an employer’s commitment to supporting the health, financial security, and work-life balance of its workforce. It creates a positive work environment where employees feel valued, supported, and motivated to perform at their best.

Furthermore, offering the right benefits package can have a tangible impact on business outcomes. From improving employee retention and reducing turnover costs to enhancing productivity and fostering a healthier, more engaged workforce, the benefits of investing in employee benefits extend beyond just attracting talent. A well-structured benefits package can also contribute to better organizational performance, customer satisfaction, and overall business success.

Isn't it expensive?

It is certainly true that offering benefits comes at a cost, although most believe that the return on investment is significant. For example, have you considered how much it costs to replace just one good employee if they leave? The real cost of replacing an employee is estimated to be between 6 months and 12 months of their annual salary, due to recruitment expenses, lost productivity, retraining, etc. Having the right benefits in place can reduce turnover in your business, saving you from the cost and disruption that a departing employee creates.

Is it complicated?

Yes! But that's where we come in. When you choose Northstar as your benefits broker, a licensed insurance professional will handle the complexity of finding, establishing and managing a suite of benefits that's right for you, leaving you to do what you do best - run your business. Best of all, our white-glove benefits management service is included by default.