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“Employees don’t leave companies; they leave managers.” This statement circulates frequently in HR circles and because of that, it’s hard not to take it personally when an employee leaves your company. And oftentimes, it comes down to more than just a salary.

You could be the best manager on the planet, but the truth is that this fact still doesn’t have the power to stop an employee from eventually leaving their role should they outgrow your company and their position in that company. In any business, turnover is simply the name of the game. Regardless of all of this, employees want to feel valued by their employers. As someone in a management position, how do you demonstrate that you value your employees? One way is by offering the right benefits.

As an employer, it’s in your best interest to attract the right candidates, and it’s in your power to create the best environment so that they will not only stick around as employees but also want to do so. So, what are your prospective employees truly looking for in a new job?

1. Flexible schedules: Your employees work to live, they don’t live to work. A flexible schedule shows them that you support them in maintaining a healthy work-life balance. Tip: Flexible schedules, including having work-from-home days, are known for increasing at-work productivity! With this kind of schedule, you’ll also attract powerful candidates who happen to be working parents.
2. A management team who cares about their well-being: This can tie into flexible schedules, but this point largely relates to workplace wellness initiatives. One survey found that fifty percent of employees would like to see a greater focus on well-being at their company–something to take note of. How can you demonstrate the same? A) Access to a fitness facility or an allowance towards one for their physical health. B) Access to psychological wellness services or an allowance towards such services for their mental health.
3. Opportunities for professional development: A good employee will leave if they feel they are no longer growing in their role, and as an individual. When they’re looking for a new job? They’ll seek out supplemental learning options. This can be in the form of workshops, retreats, conferences, or lunch and learn sessions.
4. Caregiver leave: If the unthinkable happens to an employee’s family member, such as a critical illness, the family will inevitably move into first place in that employee’s life. Knowing that a leave is not only accepted but encouraged by management goes a long way to demonstrate a company’s empathy.
5. Supplementary income: Are your best-performing employees rewarded for taking the initiatives that grew your annual profits through bonuses? This can be a tangible method to demonstrate that you truly appreciate the value in existing employees’ work for your business as well as a deciding factor for many goal-oriented viable candidates.

What kind of employer do you strive to be? Are you interested in providing a competitive benefits package as part of your brand? Contact me or fill out our free quote form for a customized benefits solution.

As an owner of a small business, your world is constantly challenged with risk. Competitors and regulators. Supply and demand. Your business’s success depends on your ability to react to forces beyond your control. This isn’t news to any small business owner who’s managed to stay solvent.

But how do you protect yourself against events that you’d rather not consider? How do you negate the risks that exist within your own team?

After the death of Steve Jobs, Apple was forced to face this personal and professional devastation to their business.  Their stock immediately suffered. Investors doubted the tech giant’s ability to remain an industry leader without its mastermind. With billions of dollars in capital, reserves and hundreds of employees, Apple managed to persevere through the Jobbs-loss fallout.

Unpredictable tragedies are a part of life and can quickly mark the death of a small business. Most business owners lack the funds to get through these trials alone. Luckily, a number of insurers have emerged with coverage options tailored exactly to that–for small businesses like yours. Here are some liabilities to consider when deciding on insurance coverage for your business:

Overhead Expense Insurance

As a small business owner, you live your job. Your passion and leadership are essential to the evolution of your brand. The last thing you want to consider is an injury or illness that renders you unable to work. But the question is worth asking: How well would your business truly survive without you?

Overhead expense insurance is a cost-effective and readily available investment to provide peace of mind when you need it most. Business Overhead Expense insurance covers the bills that still need to be paid in your absence. Rent, property taxes, and office cleaning are just a few of the covered expenses, leaving you to focus on a healthy return.

Key Person Insurance

No business owners achieve success without a strong team around them. As your brand grows, the importance of your key employees will deepen. These individuals will quickly become your brand’s most valuable assets. Their value to your continued growth must be acknowledged and protected. Key Person Insurance insulates your brand from the injury or death of an essential team member. The coverage provides a hefty lump-sum payment to cover the financial hit that is sure to follow the accident.

Partnership Insurance

A business partner is someone who remained by your side through thick and thin. Together, you’ve managed the booms and busts of the market and built an enterprise. Partnership Insurance is a prudent measure to ensure the continuity of your brand after you are gone.

This type of insurance is often carried out through life insurance coverage for each partner. In the event of a partner’s death, the policy will payout to the remaining owners who will use the funds to purchase the shares owned by the Deceased.

How Much is Small Business Insurance

Small business insurance can be customized to meet the needs of each individual business. It is hard to quote a general price as the amount of coverage, size of the business, and needs will change premiums. I offer many different options of insurance giving you a specialist who can cover small business insurance, employee benefits, and life insurance. 

Call me or fill out our free quote form. I’d love to help you design a plan that suits your unique business needs.