Having a true partnership with a benefits broker has far-reaching effects on California businesses. The right broker can also make a positive difference to your employees. A benefits broker can explain your options and work with you to help ensure employees have proper coverage and support when they experience a major life change or need health care access.
At Beckworth Beneficial in Fresno, California, we understand how important benefits administration is to your company. Contact us today to start building a solid benefits package for your employees.
Health Care Benefits Help Attract and Retain Top Talent
Employees value access to high-quality and affordable health care as part of their benefits package. As you recruit top talent, those candidates will likely consider your company’s benefits package as they evaluate your offer of employment.
Small businesses find that an excellent benefits package helps attract top employees. High-quality benefits may cost more upfront, but offering a solid benefits package pays off through a more productive workforce.
California Companies Face Management Challenges
While California is a great place to start a small business, the state’s regulations often create challenges for companies based there. Even with a small number of employees, California companies must understand and follow licensing, hiring, zoning, tax, safety, environmental and health regulations.
One survey ranking the friendliness of California’s small business rules and regulations gave the state an “F.” According to the Tax Foundation’s 2022 State Tax Index, only New Jersey and New York ranked lower than California for their business tax climate.
At Beckworth Beneficial, we understand that successfully running a California business means assembling a team of experts to help you take advantage of California’s numerous opportunities. We specialize in helping California businesses create and manage their health care benefits package.
How a Benefits Broker Can Support Your California Business
Health care is the cornerstone of your company’s benefits package. An experienced broker can help your company in several ways, including:
· Keeping up with technological and regulatory changes in the marketplace
· Evaluating current benefits and make suggestions to design a more valuable health care offering
· Providing day-to-day service to support your company and employees
Many companies underestimate the importance of a benefits broker’s role in the organization’s financial well-being. Your employee benefits package may account for 25%-40% of payroll, representing a significant organizational expense.
The benefits administration experts at Beckworth Beneficial are ready to help your California small business choose and manage your company’s health care. Contact us today to learn more.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.