Offering employee benefits can help companies save money by reducing turnover costs. According to a survey by the Society for Human Resource Management (SHRM), turnover costs can range from 50% to 200% of an employee's salary. By offering benefits, such as health insurance, retirement plans, and other perks, businesses can increase employee satisfaction and reduce the likelihood of turnover. 

 

Employee benefits can also have a positive impact on workplace morale. According to a study by Glassdoor, 79% of employees would prefer new or additional benefits to a pay increase. By offering employee benefits, businesses can demonstrate their commitment to their employees' well-being and build a positive company culture that can attract and retain top talent

 

Providing comprehensive employee benefit solutions can be an important factor in attracting and retaining top talent for businesses. Our employee benefits capabilities focus on a range of options, including small business group health plans (5-50 employees),  voluntary benefits, key man insurance, executive bonus plans, and enrollment communication.

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We understand that managing employee benefits can be a significant administrative burden for HR and Finance directors. That's why we offer our expertise as a benefits consulting and broker to relieve this pressure.

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• Voluntary benefits provide employees with additional coverage options beyond traditional group benefits.

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• Key man insurance protects businesses against the loss of key personnel and the resulting financial impact.

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• Executive bonus plans offer additional benefits to executives to attract and retain top talent.

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• Enrollment communication ensures employees are informed and make educated decisions.

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• It's important for businesses to start exploring employee benefits as soon as possible to remain competitive and attract top talent.

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At Encore Insurance Group, we work with businesses to design and implement benefits programs that meet their unique needs and budget. By understanding the benefits of protecting employees, businesses can make strategic decisions to invest in their workforce and improve their bottom line. Our team of experienced brokers provides personalized service and expertise to ensure that our clients have access to the best employee benefits solutions available.

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As your trusted benefits consultant and broker, Encore Insurance Group is dedicated to helping businesses navigate the complexities of employee benefits.

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Contact Us  today to learn more about working together to find solutions to meet your employees needs.