We have written before about the value voluntary benefits bring to employers
of all sizes. In recent years, more small businesses have found ways to add these perks to their employee benefit packages.
Voluntary benefits have become critical to retain current employees and make an employer that much more attractive to today’s job seekers.
One such perk that has grown in popularity in recent years are legal benefits
As this voluntary benefit grows in demand, why should small businesses add them to their plans and how can they help employees learn more about it?
What Are Legal Benefits?
Even though legal benefits
are becoming more common, some small employers and employees may not know what they are.
Legal benefits can be called by a few different names: legal benefits, legal assistance, and legal insurance are just a few.
Additionally, some components of legal benefits may be included in an Employee Assistance Program (EAP)
. EAPs provide employees with complimentary advice, support, and resources for a wide-variety of important life matters – including legal help.
If you offer an EAP and are considering adding a legal assistance program, check with your EAP provider to ensure that employees will not be paying for duplicate benefits.
Voluntary legal benefits can be used by employees to assist with numerous issues should they arise
. Some common examples include:
- Creating a will
- Traffic violations
- Family law issues
- Dealing with debt
- Issues with contractors or auto repairs
- Buying or selling a home
Having the option of legal assistance through their benefits can help employees feel more secure knowing that they have this perk should an issue occur.
Why Are Legal Benefits Becoming Popular?
One of the main reasons why legal assistance programs and benefits are growing in demand
and use is because of the value they provide to employees.
And with legal costs continuing to rise, these benefits can help employees save money, especially in the initial stages of needing legal advice.
Additionally, legal benefits can help employees find and get in touch with lawyers and other experts which otherwise can be time-consuming and stressful.
Sometimes, these initial consultations could be free of charge to employees if their employer offers an Employee Assistance Program (EAP).
These benefits can help employees get immediate assistance, reduce stress, and ultimately steer them in the right direction to help address their concerns.
How to Inform Employees About Legal Benefits?
If employees will be provided with access to legal benefits, or even already have them, be sure to let employees know about this important benefit available to them.
A recent article from Benefits Pro
provided insights on how to alert employees about available legal benefits:
- Have employees enroll in legal insurance at the same time as core benefits (if they want to)
- Make payments easy with payroll deductions
- Enroll on the same website as health insurance benefits
- Communicate early and often
- Offer employees plan options
- Make regular changes and updates to the plans
- Be an advocate for the benefit
You can check out the article from Benefits Pro to learn more about each of these tips.
Legal Benefits are a Valuable Piece of a Voluntary Plan
As demand for voluntary benefits have grown, smaller employers have taken steps to offer them
to current and potential employees.
Legal benefits are one of the fastest-growing voluntary perks that small employers can look to add to their existing offerings.
Reaching out to a broker and/or exploring outsourcing solutions such as a PEO can help add legal and other voluntary benefits to a small business' overall plan.
Want to learn more about PEOs? Check out our eBook, How Well Do You Know PEO? This eBook provides an overview of the PEO industry as well as helpful information for brokers and employers!