Top 4 Voluntary Benefits for Manufacturing Employees
In today’s workforce, more and more employees are seeking customization through their benefit plans. In order to have a successful benefits plan in the manufacturing industry, employers must accommodate different shifts, languages, generational preferences and financial statuses. While it may seem like a daunting challenge, pairing your medical plan with access to an array of voluntary benefit options is an effective way to satisfy your employees’ needs.
Voluntary benefits can reduce the financial and emotional burden of steep medical bills and improve quality of life for employees. Through Assurance’s research and manufacturing industry knowledge, we handpicked the 4 best voluntary benefit options to offer employees working in the manufacturing industry.
Unfortunately, accidents tend to happen when you’re least expecting it. Providing a benefits plan that covers practical costs when an employee breaks a bone and must use crutches for a month or gets in a serious car crash while traveling to work can limit the financial burden those accidents will have on employees.
2. Short-Term Disability:
Did you know 75% of disabling injuries happen when employees are off the job? Providing short-term disability in your voluntary benefits plan will help bring employees income when they are unable to work because of an injury or illness. Even the smallest of injuries and/or illnesses can drastically impact the productivity of your employees.
In case your employees need additional assistance for personal matters, offering legal coverage will grant them access to various law firms and attorneys. Providing legal coverage lessens the financial stress employees may have from large legal expenses.
4. Identity Theft:
Identity theft can happen to anyone and may go undetected for a period of time. Providing coverage for identity theft will ease employees’ concerns greatly. Identity theft insurance will go a long way in helping reimburse employee costs related to recovering a stolen identity.
A successful benefits program will not only provide value on the employee side, but on the employer side as well. Employing voluntary benefits will help close any coverage gaps your company may have for little to no cost, while giving employees the power to personalize their benefits package based on what’s important to them.
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