There are many reasons for an employer like yourself to provide a benefit plan for your employees, but lets consider two different scenarios to simplify why your company should have a group benefit plan
Your business requires well trained workers with specific skill sets. If this sounds like your business then you know that you are not the only place your workers could find a job. Providing them with group benefits can give you the edge over other employers helping you to maintain good employees.
If just about anyone is qualified to work at your company one of your biggest avoidable costs is employee turnover. One way to manage this cost is by spending money on an employee benefit plan. While employee turnover can be difficult to measure it includes costs like having two people do one job while training new employees, as well as the time it takes to sort through resumes, and interview candidates. If you are able to maintain the same employees you will realize other benefits such as familiarity and relationship building with your clients. By controlling a cost like employee benefits your company can realize all sorts of qualitative returns.
No matter what type of employee's you have providing them with benefits will benefit you by creating loyal employee's that will stick with you.