Schwartz Financial Associates, Inc


701 Route 73 North Suite 6, Marlton, NJ 08053

Phone: (856) 216-0390



July/August 2019

Help Recruit and Retain Top-notch Employees

The job market is competitive and qualified candidates are becoming harder to find. In this environment desired employee benefits may play a large role in a recruit’s decision to choose you or a competitor.

As an employer, you may subsidize employee benefits or let employees pay for them through payroll deductions. There are two basic ways to structure your benefit spend: menu-based and dollar-based.

Benefits by Menu
When you offer a menu of benefits to everyone. This has been the traditional model of employee benefit offerings, but it may not work best for employers with a diverse workforce.

Benefits by the Dollar
When you set a dollar amount for the benefits you’ll subsidize, then provide more flexible benefits for diverse employees. For example, a married 55-year-old employee may value long-term care insurance while a single Millennial may be better served with disability income insurance.

The Right Package
One size won’t fit all, but you can find your fit with a little preparation. List your benefits and their cost, but don’t forget to include any tax advantages your business may get. Do a little research and learn what peer companies offer their employees. Then, survey your employees and ask which benefits they value from most to least.

Once you understand your employees’ wants and needs, work with your insurance professional to put together a benefit package that works for you and your business.


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Registered Representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC, a broker/dealer and a registered investment adviser. Cetera is under separate ownership from any other named entity.
Advisory Services and Financial Planning offered through Vicus Capital, Inc., a Federally Registered Investment Advisor.
For a comprehensive review of your personal situation, always consult with a tax or legal advisor.  Neither Cetera Advisor Networks LLC nor any of its representatives may give legal or tax advice.
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