Attract and Retain Employees through an Enhanced Benefits Package

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Attract and Retain Employees through an Enhanced Benefits Package

  1. 1. For audio, it is recommended you dial in A copy of the slides + recording will be available post webinar AUDIO: 1-877-668-4493 Access Code: 662 363 568 Event Password: 1234 WebEx Support: 1-866-863-3910 Enhancing Your Benefits Package January 23, 2013Presented by: Louise Brown, VP, Employee Benefits Legal Shield
  2. 2. Trends & Benefits• Employee loyalty isn’t getting better• More than a third want out• More than half of younger workers want out• Many younger workers are unlikely to feel as though they can achieve the “American Dream” 2
  3. 3. Trends & Benefits• Benefits are a crucial part of driving retention• Benefits are a powerful draw for attracting younger workers• Workers are willing to share more of the cost 3
  4. 4. Trends & BenefitsIdentifying Opportunity to Engage Employees in the Benefits Discussion 4
  5. 5. Trends & Benefits 5
  6. 6. Voluntary BenefitsWHY?“82% of employees with voluntary benefits report beingsatisfied vs. 52% without voluntary”*“Voluntary is no longer a quaint sideline; it has become oneof the largest and fastest growing segments of the benefitsbusiness.”***Anthem BCBS and Taylor Nelson Sofres, “Employees Give High Priority To Voluntary Benefits,” Oct 10, 2010**Gil Lowerre, Eastbridge Consulting January 2011 Ed. – Benefits Selling Magazine
  7. 7. WHY Legal?The Bottom Line…Employees and their families face a broad array of legal issuesdaily but rarely seek out help due to COST, confusion & hassleof dealing with the legal system**The Legal Needs of American Families, 2012 research study, Decision Analyst, Inc.
  8. 8. Unique AdvantagesReduce absenteeism.Employees with legal problems usually:• Have an absenteeism rate five times higher than average• Use their medical benefits four times more than average• Use sick leave twice as often as the average employee• Experience a substantial reduction in their productivity*LSK Associates Study
  9. 9. Unique AdvantagesIncrease Productivity.In a recent study, 91% of respondents said they would seekthe help of a lawyer for even the most trivial issue if theirservices were easier to access and more affordable*ACCESS will lead to less distractions at work and POSITIVEeffects on your employee’s performance*The Legal Needs of American Families, 2012 research study, Decision Analyst, Inc.
  10. 10. Unique AdvantagesHelp reduce your employee’s stress.Stressed out employees cost American industry more than$300 billion annually in lost hours due to absenteeism,reduced productivity and workers’ compensation benefits**Financial Literacy Partners, LLC, 2005 - Employee Financial Stress is Costing Your Company a Bundle – And How You Can Stop It Now
  11. 11. Unique AdvantagesKeep a progressive company image.Show that you care about your employees.Help your employees achieve better work/life balance (ties inwith your WELLNESS program)Help improve employer/employee relationsAttract & retain employees in this very competitive market
  12. 12. Group Legal PlansGroup legal benefits are in the top five voluntary productsto watch for this year**Kathryn Mayer, Benefits Pro May 3, 2012
  13. 13. The Industry Leader• LegalShield is a 40+ year old company• Provides legal services to 1.4 million families covering 3.5 million lives across North America• More than 34,000 companies offer the LegalShield plan to their employees as a voluntary benefit
  14. 14. Worry Less…Live More• LegalShield gives your employees the ability to talk to a lawyer on any matter without worrying about high hourly costs• For one flat monthly fee, LegalShield members can access legal advice no matter how traumatic or trivial the issue
  15. 15. Over 2 million requests annually• Automobile accident • Identity theft• Execution of a contract • Inherited property• Bought or refinanced home • Filed bankruptcy• Divorce • Tax audit• Speeding ticket or traffic violation • Injured someone accidentally• Prepared a will • Leased a vehicle• Marriage • Challenged a will• Leased an apartment or home • Creditor taking legal action• Set up a trust • Adoption of a child• Became executor of parents’ estate • Property was damaged while in storage• Was subpoenaed • Dog bit someone• Vehicle damaged while parked on street • A tenant sued you• Sold faulty merchandise
  16. 16. Ready To Serve• Unlimited legal advice• 24/7 emergency access• Letters written on your behalf• Calls made on your behalf• Contract & Document review• Will Preparation & POAs
  17. 17. Identity Theft Shield• LegalShield has partnered with Kroll Advisory Solutions• Expedited Credit Disclosures and Identity Restoration Services• Combined with our legal plan creates complete coverage for employees and their families
  18. 18. Easy to Implement• On-site enrollment process• Designated service representatives• No claim forms• No deductibles• No cancellation forms• Once a month billing• Electronic enrollment and paperless billing options
  19. 19. Exceptional Value• Family Coverage• Portable• Rate stable• No long term contract• Low participation requirements• AFFORDABLE PEACE OF MIND
  20. 20. QuestionsCreating the Q&AEmployment with Louise Brown,Relationship Legal Shield 20
  21. 21. Upcoming WebinarsRegister at http://drake-webinars.comJanuary 24, 12pm ESTCreating the Employment RelationshipPresented by: Matthew Vella – Vella Labour LawJanuary 30, 12pm ESTEffectively Communicating Health & Safety ToolsPresented by: Kathleen Collins – Drake International 21
  22. 22. Drake Mobile 22
  23. 23. Thank You for AttendingFor questions, please contact Maysa Hawwash mhawwash@na.drakeintl.com 416.216.1067 23

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