One of the first things that comes to mind when workers think about their benefits is the value of those services. Most are happy just to have some kind of help with medical bills and retirement savings, but there are other employees who might always think they could do much better when it came to compensation. Such personnel often consider the lot of their public sector brethren.
According to a survey by insurance carrier MetLife, 56 percent of private sector workers imagine they possess inferior services than people who work for local, state and federal agencies. The perception extends to public sector workers themselves, a quarter of whom think they have much better benefit packages than employees in the private sector.
However, as an employee benefit specialist might be able to tell an employer, this is a case of misunderstanding. In fact, public sector workers are six times less likely to have access to the same range and variety of services as their counterparts. This discrepancy of belief is probably the result of historic figures that are well out of date and highlight the need for the services of an employee benefit specialist.
One valuable resource employee benefit advisers can provide is help in showing personnel how benefits actually work for them. When staff members don't understand how services are paid out and what finances contribute to them, they're more likely to underestimate their packages. However, when they're shown how wellness, fringe benefits, 401(k) accounts and other products can actually contribute a great deal to their financial well-being, they'll be much more satisfied. Have an employee benefit consultant outline the best ways for your company to create a comprehensive set of benefits, and make sure she can explain them to you thoroughly.
