Protect the greatest assets in your business, your employees
As a business owner of a dental or legal practice, you'll appreciate how important it is to attract and retain the best employees. Great employees are instrumental to a business' success, so you'll want the best people around you to help drive revenue, profits and growth, especially in a competitive job market.
Today, businesses are looking to stand out from the crowd and one of the ways they are doing this is by offering a more attractive employee benefit package to key employees.
This is where a Wesleyan Employee Income Protection Plan can help.
What is an Employee Income Protection Plan?
The Employee Income Protection Plan is designed for dental or legal practices who want to provide income protection for one or more people working within their business against the long-term financial consequences of illness or injury.
You decide which employees you want to cover and in the event of a successful claim, we'll pay you an amount each month that replaces a proportion of their earnings, so that you can provide them with a continuing salary through your payroll.
How can the plan benefit your business?
Replacing employees can be expensive. There are cost implications to consider such as recruitment agency fees and advertising costs, as well as the time involved in the selection and interview process. So the plan can be offered as a valuable employee benefit, which could help attract and retain key members of staff.
For your current employees, you can demonstrate that you value the contribution they make to your business. For prospective employees, it can help you to attract better candidates to your business.
There's peace of mind for your employees too. They won't have to worry about how they will continue to meet their financial commitments, leaving them free to focus on their recovery, giving them the best chance of returning to work as soon as possible.