Attractive Benefits Can Make You an Employer of Choice
When trying to fill a particular position with your company, you want to get the best person for the job. What if you find that person, but he or she is hesitant? Maybe they are considering an offer from another company that offers an attractive benefits package. This has happened more than once to companies who do not offer benefits or whose benefits plan is minimal. Because the best candidates are more attracted to companies that can offer great benefits, the benefits package you choose to offer your employees will directly impact the competitive edge your firm has over its competition. That's why evaluating that package every year is an important part of every firm’s budgeting and recruiting process.
Participating in a HDHP offers your employees the ability to contribute to another type of retirement vehicle known as a HSA. As an employer, you are able to contribute to an employee's HSA plan if you wish, but it is not required. Owning an HSA account gives employees more control and accountability over their medical spending and can also provide a tax-free retirement account.
In addition to basic benefits programs like health insurance, Oasis offers a Section 132 Parking and Transit Plan. This plan operates similarly to the Flexible Spending Accounts (FSA) by providing employees a tax-free method of paying for out-of-pocket parking and transportation expenses. This plan operates on a calendar-year basis, so now is the time to contact your Client Service Coordinator if you are interesting in implementing this plan for the 2008 plan year.
Oasis also offers a lot of voluntary benefits products. Because these plans are voluntary, no company contribution is required. Plans such as Accident, Hospital, Life, Disability and Cancer/Specific Illness are available on a modified guaranteed-issue basis, in most instances. Oasis is also proud to introduce a brand new Executive Benefits Portfolio consisting of Long Term Care insurance, Personal and Key Person Life, Long Term Disability and Retirement Security products.
Let’s not forget that it is important to highlight some of the free benefits available to your employees just for enrolling in an Oasis-sponsored medical plan. Health Advocate and WellCall provide important resources for your employees for issues such as weight loss, stress reduction, smoking cessation, claims assistance, assistance for elderly parents, finding the right doctor and/or hospital and much, much more. In fact, Health Advocate has saved our employees over $150,000 in medical cost savings this year alone!
At Oasis, it is our goal to provide the most comprehensive, cutting-edge benefits to our valued clients. By offering these Fortune 500 benefits on a consistent basis, we hope to assist in making your company an employer of choice.
