What Are the 5 Scariest Small Business Benefits to Go Without?

What Are the 5 Scariest Small Business Benefits to Go Without?

The scariest time of the year is nearly upon us. So the question is: what do small business insurance consultants like us fear most?

Our biggest fear is Small businesses not ensuring their workplace is a great place to work that attracts the best talent!

So this Halloween, our treat is letting you know which office perks your business shouldn’t go without. That way, you won’t have to face up to scary-low retention or happiness rates among your employees.

Wellness Initiatives

Bowls of candy around the office may boost morale for the holiday, but the long-term health of your employees should be a top priority. Whether you organize an office walking group, midday yoga, or offer a healthy lunch option once a week, these types of perks can go a long way in helping employees focus on their health. Employees who are more focused on health, will become more healthy, those who are more healthy will be more productive. Wellness is a long-term game, so the sooner you start the better.

Financial Wellness

As an adult, not much scares you. However, one thing that’s very scary for a lot of people is debt and retirement savings. We got the shivers just typing it.

A new trend among employers is to start helping people with financial planning, and retirement saving assistance. Millennials especially appreciate the help. This generation has the most student debt of any other generation, and retirement is a horrifying prospect, considering many don’t know where to start. As a workplace that helps with financial planning, you can win a lot of points with a younger demographic.

Professional Development

professional development

What’s more frightening than having a complacent workplace? Many companies do an excellent job at initial training, but drop the jack-o-lantern on continued professional development. Whatever industry you work in will change. It’s important to keep your staff updated on these changes. If you invest in employees, they’ll invest in you. It’s important to stay ahead of competitors, offering new kinds of training to engage and excite your employees.

Flexible Benefits

flexible benefits

Some people like mini chocolate bars, some like potato chips. The beauty of Halloween is you can get it all! If you have a diverse workplace, it’s important to offer diverse benefits. One of the best ways to do this is by offering Health Care Savings accounts, where employees decide which delicious benefits they can fill their bags with. By giving employees the freedom to choose their benefits, they’re more likely to feel happy and cared for and get the exact coverage they need at less cost to you.

Life Insurance  

life insurance

It’s unlikely you’ll come back as a ghost who can continue paying the mortgage, bills and other expenses. While it’s sort of a grim subject, life insurance is one of those benefits people often don’t get on their own. A work who supplies a backup plan for a horrible situation will win big points among employees. Most work-sponsored life insurance only pays 1-2 times annual salary. Most people will need 8-12 times their salary as a payout if they have dependents. Be sure to keep this in mind!

Benefits really don’t have to be scary. As consultants we can take the fear out of employee perks and help you get back on track. So don’t be afraid to give us a call, we’d be happy to have a free chat to help your business and your employees get what you need.


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