Attracting and retaining top talent in today’s market requires companies to be in touch with what employees value. Our employer and employee surveys confirm the positive impact that benefits have on retention, engagement — and even productivity:
The talent wars have impacted what employees value
Voluntary benefits help retain and engage top talent
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Survey results
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70
%
of workers who rated their benefits plan as very good or excellent indicated they were more likely to stay with their employer because of their benefits.¹
of employers said their benefits package had a positive impact on employee productivity.¹
%
60
Nearly
for employers who rated their benefits as very good or excellent.¹
%
73
AND THIS
JUMPED TO
In today’s competitive job market, employers must compete to keep their own talent, as well as to attract new talent.
An effective benefits strategy should find ways to clearly convey the value of your benefits to both prospective and current employees.
Nearly
When employees feel overwhelmed by benefits information, they can become indifferent toward them. That is why it’s so important to educate employees about their benefits throughout the year. By the time enrollment comes around, workers have had time to absorb benefits information.
Throughout the year we share easy-to-understand educational messages — so employees feel prepared for their benefits counseling session. Then when it’s time for enrollment, we provide 1-to-1 counseling to help your employees make decisions that can impact their lives. When employees are looked after, your business has a healthier bottom line.
Employees value benefits more when they understand them
Among employees who took advantage of benefits education and advice, 84% reported significantly higher understanding and 76% significantly higher satisfaction with their benefits.²
Talk with your Colonial Life benefits representative today to learn more.
1. Colonial Life Benefits and Enrollment Survey Report, 2021.
2. Employee Benefit Research Institute and Greenwald & Associates, Workplace Wellness Surveys, 2021.
Injury • Illness • Dental • Vision • Life
ColonialLife.com
This information is not intended to be a complete description of the insurance coverage available. The insurance or its provisions may vary or be unavailable in some states. The insurance has exclusions and limitations which may affect any benefits payable. Policy forms marketed by the company are too numerous to list in the advertisement, but a list can be provided upon request. For cost and complete details of coverage, call or write your Colonial Life benefits representative or the company. A Dental Network Access Plan is available.
Underwritten by Colonial Life & Accident Insurance Company, Columbia, SC.
© 2022 Colonial Life & Accident Insurance Company. All rights reserved. Colonial Life is a registered trademark and marketing brand of Colonial Life & Accident Insurance Company.
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Benefits
Select a benefit to learn more
Sometimes called supplemental insurance, these benefits enhance your employees’ medical insurance to help prepare them for life’s unexpected challenges, like a sudden illness, injury or accident. Payable directly to the employee, they can be used to pay expenses that other insurance may not cover, like lost wages, out-of-pocket expenses or household bills.
What are voluntary benefits?
Accident Insurance
Cancer Insurance
Critical Illness
Insurance
Dental Insurance
Disability Insurance
Hospital Confinement
Indemnity Insurance
Life Insurance
Accident Insurance
Accident insurance helps employees pay for out-of-pocket costs associated with minor and major accidents — costs their medical insurance may not cover.
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Cancer Insurance
Cancer insurance can help offset costs associated with cancer treatment and recovery, so employees can focus on getting well.
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Critical Illness Insurance
Critical illness insurance provides a lump-sum benefit to cover
out-of-pocket costs if an employee is diagnosed with a covered illness.
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Dental Insurance
Keep employees smiling with dental insurance that can help cover routine and more costly dental procedures.
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Disability Insurance
Disability insurance can replace a portion of an employee's income if they are unable to work if they're sick or hurt.
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Hospital Confinement Indemnity Insurance
Hospital confinement indemnity insurance can help with expenses due to a covered surgery or stay in the hospital that may not be covered by most medical plans.
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Life Insurance
Life insurance helps provide peace of mind and financial security for the people who matter most in your employees' lives.
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Benefits counseling
Benefits portfolio
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Throughout the year we share easy-to-understand educational messages — so employees feel prepared for their benefits counseling session. Then when it’s time for enrollment, we provide 1-to-1 counseling to help your employees make decisions that can impact their lives. When employees are looked after, your business has a healthier bottom line.
