Most businesses grapple with keeping the best talent in their organization. Most employers have come to learn that money alone is not enough. The modern employee seeks both financial security and other added benefits. The benefits could include; Health Insurance and Retirement Plans.
When you compare the value and cost of offering benefits and retaining staff to hiring and training new staff, you’ll see that it makes more business sense to provide employee incentives or benefits.
Are you a business owner or HR manager who wants to offer your staff added benefits? You’ve come to the right place. Our employee incentives package will analyze the needs of your business ad recommend the best solutions per your business goals.
And by the way, our relationship doesn’t end once you purchase. We always walk with you and help you maximize on your benefits. If you need help sorting out a claim, we’re right there by your side; if a staff member gets injured while at work, we’re by your side to guide you through it all.
One of the main factors in attracting and retaining good employees is the benefit program offered by employers. This typically starts with your group health insurance plan.
Regardless of the company’s financials, there are ways to make health insurance available to your employees and their dependents. Offering health insurance doesn’t have to break the bank. There are many solutions available to small, mid-size, and large employers.
When employees are worried about their financial situation, they may not be as productive. Many individuals today do not have life insurance or adequate savings to cover final expenses, which places additional stress on employees and/or their families when the need arises.
A group life insurance plan can put your employees’ minds at ease, knowing their family will have resources available when they need them. Policies can also include a dependent benefit to help the employee pay for expenses if their dependent passes. Another solution is to offer a voluntary life benefit whereby the employee pays a lower premium through payroll deduction than they would if they found coverage on their own. Group life insurance is also tax deductible.
Many employers are faced with offering lower wages than their competitors and find it difficult to find and retain qualified workers.
Offering a short-term and/or a long-term disability program can provide prospective and current workers with another form of financial stability. An employee may be offered a higher wage elsewhere, but are they offered protection if that paycheck stops due to pregnancy, illness, or other disability? How will they pay the mortgage or other bills? Employers offering a disability plan can provide peace of mind to their employees and gain an advantage over those that don’t.
Failure to have regular dental checkups can lead to more serious problems than a toothache.
Offering dental coverage to your employees can help encourage them to see a dentist on a regular basis. Gum disease has been linked to heart disease as well as diabetes. Catching these issues early not only helps your employees’ health, it may help reduce your long-term health insurance costs before a big claim hits!
Similar to dental coverage, if your employees are not getting regular eye exams, they may have underlying medical conditions such as heart disease or diabetes that can surface later at a greater expense to your medical plan.
Offering vision care coverage is a very affordable component to offering health benefits. It’s an inexpensive portion of the benefit package with a high value of return and can help offset the impact of increased medical costs, becoming a cost-effective, early intervention tool.
Not being able to meet an employee’s individual needs can pose a threat to worker retention and attracting new talent, both of which can be costly to your bottom line.
Offering voluntary coverage lets your employees choose benefits that are important to them. It’s a cost-effective way to provide a variety of benefits at little or no impact to your monthly premiums. Examples of voluntary coverage include:
Compliance audits are increasing and Department of Labor fines can be costly. Do you have all of the documents and paperwork at your fingertips should you receive an audit letter?
A good benefits broker will educate you on the compliance pieces so that you are prepared for that dreaded day. A wrap document covers most of what is required and the remaining forms should be readily accessible with proof of distribution to employees and/or eligible participants.
With these incentives, you can reduce the turnover of qualified employees. You also save on the expense of training and qualifying recruits all the time.
With these incentives, you can reduce the time employees spend out of the office catering to personal matters related to the health or the wellbeing of their families.
With these incentives, employees feel more secure and supported at the workplace. Some of these benefits touch on the most personal matters, such as health and bereavement.
The most productive employees in any organization have a healthy work-life balance. They are more motivated and more loyal.
If a new employee has a pre-existing condition such as cancer or diabetes, they are covered as soon as they join you and continue their treatment.
This policy covers your employees for accidental death and total disability, replacement of lost accident income during a temporary disability, medical expenses for 365 days a year, worldwide including as fare-paying passengers on any licensed form of public transport, including commercial aircraft.
At Dawit Insurance Agency we go above and beyond to help ease your work. We’ll help you prepare an employee benefits handbook that can guide new and current employees on all available benefits.
We can also conduct training for existing employees to educate them of available benefits with your new purchase. All the value adds we do come to you at no extra cost.
Life has some very unfortunate moments such as death. Death can be devastating for families both emotionally and financially. As an employer, such moments are an opportunity to be there for your employees. At Dawit, we’ll help you do so. The image showcases an email conversation between a client and Dawit.
At Dawit Insurance Agency Limited, we ensure that the insurance carriers keep the promise to indemnify our clients. We have laid out efficient systems and processes that will be carried out as soon as notify us to ensure your claim is paid speedily and fairly. Our handbook will guide you on all benefits your employees are entitled to under our covers.
Products such as Health Insurance are straightforward when an employee needs to claim. All you need to do is present the issued card at the hospital. For other products such as WIBA, we recommend you notify us as the risk is suffered. We’ll guide you on the best way forward and ensure you’re compliant with the requirements laid out by the government and the respective insurance company.
Our ultimate interest is to match the customer’s expectations to the underwriter’s reality and eventually become our clients’ “insurance department”. This is achieved through a dedicated and professional staff and partnerships with insurance companies.
We’d love to hear from you about your business. As you continue to grow and take your buisness to the next level, let us worry about mitigating your risks. You can reach out by calling, emailing or paying us a visit. You can also fill in the form and we’ll get back to you in a bit.
We’re here when you need us most. Call, email or stop by.
Utumishi Coop Building,
Mamlaka Rd, Off Nyerere rd
P. O. Box 19023 GPO
00100 Nairobi, Kenya
Cell: 0723 856 447 or 0712 856 447
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