[header] How to set up alternative benefits packages [title] Assess whether to expand your benefit options. [step] The most common " alternative " benefit packages simply provide employees with a greater menu of options for health and dental insurance or retirement plans. You should take out your current policies and assess whether you want to expand the options available : [substeps] For example, you might already offer a defined benefit pension.
[header] How to set up alternative benefits packages [title] Assess whether to expand your benefit options. [step] The most common " alternative " benefit packages simply provide employees with a greater menu of options for health and dental insurance or retirement plans. You should take out your current policies and assess whether you want to expand the options available : [substeps] For example, you might already offer a defined benefit pension.
It might be worthwhile to expand the benefits whenever your company also needs them. If your company is short on energy or needs more power savings, you might want to offer a different offer. You could also create a defined contribution plan as an alternative. Instead of traditional health insurance, you can offer employees health savings accounts. However, you might be in a financial position where retirement is impossible. Consider the services you can provide your employees, and your management needs, when implementing an alternative benefits package. However, your current income could change to below how it was before you became a new employer. You might want to plan your alternative benefits accordingly.