Employer of Choicepresentation

Using Employee Benefits to
Attract Great Workers

Choosing affordable and attractive benefits for
yourself & your employees...

AltaStaff – a boutique staffing agency www.altastaff.com

Keys to a strong employer/employee relationship

Team Benefits

Leadership

Benefits are the most controllable of these keys....

AltaStaff – a boutique staffing agency

Benefits can define & improve a corporate culture

#1 Best Place to Work 2008 - Google

#4 Best Place to Work 2010 - Digitas

#3 Best Place to Work 2010 - Assurance


Identify key areas that will help your employees

Save employees’ money Support & Protect Employees’

Reward & Develop Skills


Identify your most important benefits
Health
•Medical/Dental Insurance
•Emergency Insurance
•Life Insurance

Financial
•Retirement Savings
•Profit Sharing
•Transit/Commute Program

Career Development
•Continuing Education/Skills Development
•Tuition Reimbursement
•Award & Recognition Programs

Lifestyle
•Telecommuting
•Childcare
• Flexible Workdays


AltaStaff Benefits Plan

Financial

Health

Career

Financial Benefits


Financial – Holiday & Vacation Pay

Holidays
•7-10 Holidays/Year

Vacation or Paid-Time Off (PTO)
•1-2 weeks/Year

Calculate the Costs/Day-Off
•$/hr x 8hrs + (($/hr x 8hrs)) x (6.95% + 3.0%)) = Cost/Day


Financial – Retirement Savings

Pre-tax IRA savings account
•Fidelity
•Ameriprise
•Annual Enrollment Fee $300-$400
•Required Employer Contribution of 1%-3%

Reduce your own payroll taxes

Identify interest in savings programs


Financial – Transit Discount Programs

CTA and RTA Transit Savings
•Up to $230/month tax-free expense
•Programs managed through CTA/RTA
•www.transitchicago.com

Saves employees up to 40% of transit costs

Reduce your own payroll taxes up to 10%

Minimal charge for administration
•$11.00 (S/H) + $.50/employee


Financial – Direct Deposit & Savings Account

Direct Deposit
•Contact local/national banks
•Free Checking & Savings Accounts
•Cash Promotions for new accounts
•$75-$100 for the employee
•Money Market Savings Accounts

Educate employees on the value of having
an established financial account

Banks will coordinate educational
seminars
•Smart Savings Courses
•Investment Courses


Financial – Referral & Performance Bonuses

Referral Bonuses
•Improve candidate pool with referrals
•Remind employees with emails & flyers
•Reduce recruiting timeline

Performance Bonuses
•Reward meeting goals & special projects
•Set a monthly meeting to announce
achievements
•Improve work performance & morale

Rewards Credit Card
•Earn points through your monthly benefits
(transit costs, subscriptions, etc)
•Use gift card rewards for employee bonuses


Health Benefits


Health – Medical Insurance
Group Major Medical Plans
•Monthly Premiums between $200-$500/person
•50% Participation Requirements
•Subject to annual increases

Individual Health Insurance Plans
•Premiums based on individual employee
•Insurance companies can not cover pre-exisiting
conditions or choose not to cover an indivual

Catastrophic Health Insurance
•High Deductible (between $500 and $10,000)
•Lower premiums
•Emergency Insurance

Limited Medical Plan
•Basic coverage for doctor’s visits, labs, & x-rays
•Coverage maximums (usually $10,000 annually)
•Monthly premiums between $20-$150/month


Health – Life Insurance & Disability

Group & Individual Life Insurance
•Possible add-on option with major or limited
medical plans
•$10,000-$25,000 in coverage
•Example: Group coverage $4.10/month

Short-term Disability
•Possible add-on option with major medical plans
•$100-$250/week for a determined period
•Example: Group coverage $7.45/month

Accident & Emergency Coverage
•AFLAC Insurance
•Pre-tax deduction (saving on payroll taxes)
•AFLAC provides administration & easy billing


Health – Fitness & Wellness Programs

Corporate Gym Membership Discounts
•Contact area gyms to find out about group
membership discounts
•Reduced monthly membership rates

On-site Health & Fitness Experts
•Sometimes offered for free by gyms for group
enrollments
•Hire a Yoga Instructor for 1 hour/week for
interested employees for less than $100

Utilize online programs & guides
•Complimentary fitness tracking
•Recipe and nutrition guides
•Create corporate group for team involvement


Career Benefits


Career – Skills & Career Advancement

Mentoring Program
•Structure expectations & goals
•Monthly/quarterly/annual meetings
•Enhances both the mentor & mentee

Online Tutorials & Courses
•Assessment Software & Tutorials
•Annual Subscription
•Pay-Per-Use
•Free online tutorials on basic & complex
software & skills

Professional Seminars & Guest Speakers
•Career advisement seminars
•Solicit topics of interest from employees
•Invite local executives & professionals to speak
on their expertise


Career – Continuing Education
Career/Education Advisors
•Offer consultation to employees by either
managers or mentors
•Define career paths & academic areas important
for their career
•Provide assistance with finding and applying for
scholarship opportunities & grants

Flexible work/course schedules
•Establish a workable schedule to accomodate
courses or internships
•Define expectations & requirements for this
flexibility

Public & civic educational options
•Establish relationships with your local library &
government organizations
•Take full advantage of the wealth of resources,
education, and expertise available for free


Career – Life/Work Balance

Corporate Community
•Organize games, events, and challenges for
employees
•Establish an organization committee to
coordinate activities

Corporate Community Infrastructure
•Create luncheon, relaxation, casual conversation
areas in the office
•Invest in a coffee machine/water cooler and
provide complimentary coffee/tea/water
•Start a lending library for employees

Corporate Community Activities
•Volunteer as a group to a non-profit for a day
•Fundraise together for a local organization
•Encourage & support employees to participate
in civic organizations & activities


Your Benefits Plan


Creating your benefits plan....
Start with a checklist of everything you would want to offer
employees

Establish a budget for each employee (and future hires)

Develop a workable group of benefits which fit your needs and
budget

Define a benefits point person and a workable administrative
process to set-up and manage the benefits

Create a presention piece to define your benefits for employees
and market to potential candidates

Continue the research at least quarterly on new benefits and
options in the market


My 5 Rules of Employee Benefits

Know your budget & bottomline
(and stick to it!)

Utilize all the great free and
affordable options

Research, ask questions, confirm,
and repeat

Ask you employees what they want
(and use this information)

Continue the search for new, more
efficient, more affordable options


Thank you!
If you have any questions, would like any additional information, or provide your
own insight & ideas, please contact me:

Taz Wilson
AltaStaff - 19 S LaSalle St, Suite 800 | Chicago, IL 60603
Phone: (312)269-9990
Email: taz@altastaff.com


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