3. EB P RIMER A whole new world of Employee Benefits
What are Employee Benefits (EB) ? EMPLOYEE BENEFITS are incentives given to employees as part of an overall HR strategy to recruit or retain them. EB can help you win the war for talent 1 Purple Cow 2011 EB Primer
What is the purpose of EB ?
“ The purpose of EMPLOYEE BENEFITS is to increase the economic security of employees.”
EB can help your employees become financially secure 2 Purple Cow 2011 EB Primer
Paid vacations, 75%
Health insurance, 61%
Paid sick leave, 59%
Disability insurance, 41%
Education reimbursement, 39%
Pension plan, 30%
Life insurance, 29%
Dental insurance, 24%
What are the most common EB ? All 4 insurance benefits are offered in Purple Cow! 3 - Small Business Poll on Compensating Employees (NFIB, US: 2003) Purple Cow 2011 EB Primer
What makes Insurance ‘sulit?’
LIFE INSURANCE provides you with instant cash in the event of death or total and permanent disability; (.25% of population between 18-65)
ACCIDENT INSURANCE provides you with instant cash in the event of accidental death or disability; (10% of inpatient & outpatient cases)
HEALTH INSURANCE (Medical / Dental HMO and/or INS) protects you from losing money in the event of sickness or accident, and even takes care of you (if HMO). (10% inpatient / 100% outpatient)
All insurance can make or save you money in multiples 4 Purple Cow 2011 EB Primer
Why give Insurance to employees?
Because you want to take care of the hands that take care of YOU (Employees are your key success factors );
Because you want to stop them from losing money to medical emergencies – the most common cause of their financial insecurity – in the most cost-effective manner;
Because Employee life & health is not just corporate wealth, but also your Corporate Social Responsibility.
Insurance is the most cost-effective EB money can buy 5 Purple Cow 2011 EB Primer
Why get the Purple Cow ?
The Purple Cow is UNIQUE: it’s not just an HMO plan, but all the major life, PA & health plans rolled into one;
The Purple Cow is a good SELLING tool: it has all the features & benefits our Clients say they want or need;
The Purple Cow makes a great PROPOSITION: Employee Benefits = Financial Security; therefore, More Employee Benefits = More Financial Security.
Purple Cow Employee Benefits = more financial security 6 Purple Cow 2011 EB Primer
GRA is the #1 Filipino, Independent, Family-owned, full-line insurance brokerage in the country: it has >P1B in premiums, and has been around the Top 5 since 1965;
GRA is your outsourced Employee Benefits expert, Insurance Broker, and risk management consultant;
GRA ’s Tom Gotuaco is the Originator of PURPLE COW: a unique Employee Benefits plan designed for SME.
Why get GRA as Broker? GRA has your SME interest at HEART 7 Purple Cow 2011 EB Primer
Why get AsianLife (ALGA) as Insurer?
ALGA is the BIGGE$T NAME in group life and medical insurance today, and the only insurance co. in the market that offers an HMO plan; (ALGA clients include Globe, Ayala, Smart, PLDT)
ALGA offers the BE$T VALUE for your money: you can get all the major Employee Benefits rolled into one plan;
ALGA offers the LOWE$T PRICE, when you compare all insurance and HMO features and benefits.
ALGA has the biggest name, best value & lowest price 8 Purple Cow 2011 EB Primer