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Book of Company Benefits

The hiring and retention process is often complicated. Whenever you bring someone new aboard, you want them to feel at home in your company. Your business likely also has lawful obligations towards new employees.

New employees might need help understanding pay structure, or benefits packages. A committed human resources agent will help employees figure out what benefits they need, how they can enroll for these benefits and how they must maintain their coverage.

During Onboarding, Follow Lawful Requirements

A variety of laws govern employee benefits. For example, laws requires most businesses over a certain size to offer employees the chance to enroll in a health insurance plan. The employer-offered plan generally must equal certain coverage requirements. If an eligible employer doesn't offer these benefits, it could cause problems for both the employee and the company. For instance, the employer might have to pay certain fees to the IRS.

Many employers offer benefits to new employees upon hiring. Others offer the benefits after the employee completes a certain probationary employment period. Whether the employee chooses to enroll in the coverage is usually their choice. If they don't, this might mean they receive coverage from another plan. However, the employer still must offer the benefits to the employee.

Prudent employers go beyond the act of simply offering coverage to new employees. Coverage can be confusing or overwhelming to new employees, so these companies provide the employees a comprehensive overview of their various insurance offerings. This way the employee knows how much they can expect to pay, and how much coverage they will receive.

If your company doesn't have this process in place, consider enacting it.

After Enrollment, Follow Up

Once an employee enrolls in benefits, the employer's job is not finished. The employer generally must provide employees with updates about changes to their benefits. They also might have to provide the employee with a summary of the plan's most important benefits.

The employer generally must notify employees when it is time to re-enroll in health insurance. This will give the employee the opportunity to review their own coverage.

Employers should stay aware of all requirements to keep employees aware of their benefits. By doing so, the employer can create a better working environment and stay abreast of employment law. In the long run, employer-sponsored benefits remain the responsibility of the employer.

Stalwart Insurance can help your company build a benefits package for your employees. Contact us today for more information.

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