Small and medium-sized businesses have long enjoyed highly competitive and discounted rates on group benefits for their employees that are also some of the most stable you will likely ever see. The partnership between the Greater KW Chamber of Commerce and Cowan Insurance Group has developed a truly unique offering to businesses and organizations in need of a well-rounded group benefits program.
The One Source Advantage program offers:
According to a 2014 Jobvite survey, 36% of job seekers list health benefits as their top reason for leaving their employer for another. What’s most important to you isn’t just the loss of an important team member, it’s what’s the impact on your bottom line by that employee leaving over health benefits?
Research shows that losing an employee to turnover can cost a small business on average 20% of the employee’s salary in lost productivity and the cost of the search to find a replacement. That means losing an account executive making $45,000/year from your company could end up costing your business nearly $9,000 to replace them. That cost rises steeply as the employee’s salary goes up.
Offering a comprehensive group benefits program has shown to be one of the strongest retention tools at your disposal and will likely save you thousands in the long run.