Brokers who bring their clients voluntary benefit solutions that can help solve some of today’s HR challenges and improve the company’s bottom line are doing more than putting new products on the table.
One of those HR challenges is the failure of workers to take time off and get away on vacation, which impacts their stress level, their health and their productivity. The problem is that employees just aren’t taking time off like they should. They’re not using all of their paid time off and are taking fewer getaway vacations. Studies show that practice is not beneficial for them or for their employer.
Brokers can help clients improve their bottom line and achieve a better work-life balance for their employees by offering a voluntary benefit program that addresses one of the biggest issues behind not taking off: the cost of getting away.
The Power of Vacation in Employee Wellness is the topic of a recent bylined article by Elizabeth Halkos in CorporateWellnessMagazine.com. The byline presents the statistics that support the problem and discusses why employees aren’t taking vacations and what employers can do to help workers with work-life balance and promote increased use of paid time off. And since cost is one of the key reasons employees aren’t taking vacations, employers can help by offering our employee purchase program that includes vacation options.
Giving employees the opportunity to deduct budget-friendly payments directly from their paychecks provides an affordable way for employees to take an out of town vacation and offers an alternative to the added expense of high-interest credit cards. For example, according to CreditCard.com, a $2,000 vacation paid for with a credit card at an 18 percent interest rate will take almost ten years to pay off if the buyer chooses to make the minimum payment.