Voluntary benefits have grown to be critical to retain current employees and make an employer that much more appealing to today’s job seekers.
One particular perk that has grown in popularity in recent years are legal benefits.
As this voluntary benefit grows popular, why should smaller businesses add them with their plans and how can they help employees find out about it?
WHAT EXACTLY ARE LEGAL BENEFITS?
Despite the fact that legal benefits have become more common, some small employers and employees might not know very well what they are.
Legal benefits can be called by a few different names: legal benefits, legal assistance, and legal insurance are simply a few.
Additionally, some the different parts of legal benefits may be included in a worker Assistance Program (EAP). EAPs provide employees with complimentary advice, support, and resources for a wide-variety of important life matters – including legal help.
In the event that you offer an EAP and are considering adding a legal assistance program, consult with your EAP provider to ensure that employees will never be spending money on duplicate benefits.
Voluntary legal benefits can be employed by employees to assist with numerous issues as long as they arise. Some common for example:
Setting up a will
Family law issues
Coping with debt
Problems with contractors or auto repairs
Buying or selling a home
Getting the option of legal assistance through their benefits can help employees feel better knowing that they have got this perk should a concern occur.
WHY ARE LEGAL BENEFITS BECOMING POPULAR?
One of the main explanations why legal assistance programs and benefits are growing popular and use is because of the value they provide to employees.
And with legal costs continuing to go up, these benefits can help employees cut costs, especially in the original stages of needing legal services.
Additionally, legal benefits can help employees find and speak to legal representatives and other experts which otherwise can be time-consuming and stressful.
Sometimes, these initial consultations could be free of charge to employees if their employer provides an Employee Assistance Program (EAP).
These benefits can help employees get immediate assistance, reduce stress, and in the end steer them in the right direction to help address their concerns.
HOW TO INFORM EMPLOYEES ABOUT LEGAL BENEFITS?
If employees will be provided with usage of legal benefits, or even curently have them, be sure to let employees find out about this important benefit open to them.
A recently available article from Benefits Pro provided insights how to alert employees about available legal benefits:
Have employees sign up for legal insurance at exactly the same time as core benefits (if indeed they want to)
Make payments easy with payroll deductions
Enroll on a single website as medical health insurance benefits
Communicate early and frequently
Offer employees plan options
Make regular changes and updates to the plans
Be an advocate for the power
You can examine out this article from Benefits Pro to find out about each one of these tips.
LEGAL BENEFITS CERTAINLY ARE A VALUABLE LITTLE BIT OF A VOLUNTARY PLAN
As demand for voluntary benefits have become, smaller employers took steps to provide those to current and potential employees.
Legal benefits are one of the fastest-growing voluntary perks that small employers can look to increase their existing offerings.
Calling an agent and/or exploring outsourcing solutions like a PEO can help add legal and other voluntary benefits to a small business’ overall plan.