WHY BUY EMPLOYEE BENEFITS INSURANCE?
An employee benefits insurance plan is insurance provided by an employer to current employees as part of a group insurance program. They come in various shapes and sizes, and they are an essential part of the overall compensation package offered to employees.
Medical insurance, dental and vision coverage, and life insurance are common program benefits, but employers may offer their employees a mix of benefits and perks.
Furthermore, many benefits provided by employers are only available to full-time employees.
The most common types of employee benefits offered today are:
• Medical insurance
• Life insurance.
• Disability insurance.
• Wellness program
Why are employee benefits significant?
Offering a comprehensive employee benefits package has several advantages for both small and large businesses.
For starters, it demonstrates that you recognize that employees have needs outside of the workplace and that you care about their overall health and well-being.
Following that, it distinguishes yourself in the hiring market, allowing you to attract talent by providing better and more comprehensive coverage than competitors. These benefits convey a message about what your company values and how involved it is with its employees.
Finally, employee benefits can aid in employee retention, which is more important than ever before. It reduces the learning curve and lost time training new employees.
Is there a minimum number of employees required to sign up?
You only need minimum two employees to sign up
Do I need employee benefits plan for foreign workers?
You can use a foreign worker medical insurance for Spass and WP holder. Alternatively you can add foreign worker onto the basic medical plan with a minimum coverage of S$15,000
I am interested, where can I get a proposal?