There are plenty of reasons why an increasing number of companies are implementing employee benefits. They make employees feel secure, they improve retention rates, and they have been shown to boost productivity and morale in the workplace.
Interestingly, law firms have seen a particular rise in the demand for employee benefits. Considering it is quite a stressful line of work, it is no surprise that more and more lawyers are looking for security and peace of mind in the workplace.
What are Employee Benefits?
Employee benefits are a series of perks that staff get from the company that they work for. The most popular of these is private medical insurance, which tends to include dental and optician coverage when needed as well as critical illnesses and lump sum payments for the latter.
Furthermore, it tends to include things like group travel insurance, critical illness cover, and pension services – offering an umbrella of protection from unforeseen circumstances. Some plans will also add things like gym memberships or retail and entertainment discounts.
They are there to add incentive to the workplace, a way to boost employee morale and make them feel valued and appreciated. At the same time, they offer great peace of mind because employees know that if something happens they have full protection.
Why are They Relevant to Law Firms?
Law firm employee benefits are relevant because the line of work is incredibly stressful and high-pressure to work in. It can cause a great deal of mental and physical strain, and there isn’t always enough support to help get them through those difficult times.
Being able to offer them the support they need means that you will see fewer absences in the workplace, and you are likely to notice an increase in productivity, general happiness among your staff members, and motivation.
For law professionals who have families, offering an employee benefit plan that covers their immediate family (spouse and children) also tends to be a fantastic motivator and gives them the security they need in order to move forward with their work with fewer stressors.
Employee benefits don’t just include access to healthcare when they fall ill physically, many plans also have 24/7 mental health hotlines that they can call when they need someone to talk to. There are also therapy and counseling plans, which are useful for traumatic cases.
Travelling can be an integral part of the job, and having group travel insurance is excellent – primarily because many plans will have a heavy focus on the medical side of things, ensuring quick and excellent care if there are any accidents while they are away.
Law firms are a vital workplace – they keep things going and ensure the course of justice. It’s not a low-pressure job, and the amount of stress that lawyers are under means that they can benefit from the support and security that comes with an employee benefit plan. By investing in the proper coverage for them, you’ll see a team that is happier, more secure, and motivated.
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