Empowering Employee Well-Being While Reducing Costs

As a Director, Founder, CEO, CPO, Benefits Manager or Payroll Compensation Manager, balancing employee satisfaction with budget constraints can be a constant challenge.

What if there was a way to enhance employee benefits while simultaneously reducing company costs, without making drastic changes to your current benefits structure? Our employee wellness program offers a smart, tax-advantaged solution that helps employees increase their take-home pay while companies save on FICA tax contributions.

FICA (Federal Insurance Contributions Act) taxes are mandatory payroll taxes that employers and employees pay to fund Social Security and Medicare. By implementing this program, companies can legally reduce their share of FICA contributions, generating significant savings.

This solution integrates effortlessly with your existing benefits package without replacing any current medical or voluntary benefits. Employees gain access to virtual health services such as primary care, behavioural health, and chronic disease management, all while seeing a boost in their pay-check without the employer increasing salaries.

Real Results: How Companies Are Maximizing Employee Benefits at No Extra Cost

1. Law Firm

Problem Statement:

Struggled to attract and retain top talent without offering comprehensive benefits.

Solution:

Implemented a wellness program that provided virtual health services and tax-advantaged payroll benefits.

Outcome:

Increased average employee take-home pay by $179.59 per month and achieved total employer savings of $9,314 annually. The firm reported improved employee satisfaction and reduced turnover, helping them stay competitive in the talent market.

2. Electric Company

Problem Statement:
Lacked benefits beyond medical, dental, and vision, leading to employee dissatisfaction.

Solution:
Added a wellness program that enhanced employee benefits without raising costs.

Outcome:
Employees saved $512.34 per year on average, and the employer realized $16,230 in annual savings. This move significantly improved employee morale and helped the company attract new talent.

3. School District

Problem Statement:
Needed to offer better employee benefits while managing a tight budget.

Solution:
Introduced a wellness program with virtual health benefits.

Outcome:

Employees' pay increased by $803 annually, while the district saved over $309,000 per year. The school district reported higher employee satisfaction and better participation in wellness programs.

4. Manufacturing Firm

Problem Statement:
Struggled to offer competitive benefits while managing rising healthcare costs.

Solution:

Adopted a wellness program that included virtual primary care, behavioural health support, and chronic disease management.

Outcome:

Employees' paychecks increased by an average of $100 per month, while the company saved $200,000 annually in payroll taxes. The company experienced lower absenteeism rates and higher employee engagement within the first year of implementation.

5. Consulting Firm

Problem Statement:

Needed to improve employee benefits without leaving their current broker or increasing costs.

Solution:

Integrated a wellness program with a robust gap plan.

Outcome:

Employees' average pay increased by $120.83 per month, while the employer saved $117,610 annually. The enhanced benefits package also contributed to a noticeable increase in employee engagement and satisfaction.

5. Construction Company

Problem Statement:

High turnover and limited benefits were affecting employee satisfaction.

Solution:

Implemented a wellness program that wrapped into their existing MEC medical plan.

Outcome:

Employees gained $47.40 more per pay period and the company saved $309,000 annually. The program helped stabilize workforce retention, reducing costly recruitment and training expenses.

Unlock Your Company’s Hidden Savings Potential

Imagine offering your employees higher take-home pay and comprehensive wellness benefits without stretching your benefits budget.

Companies like yours are already saving thousands annually while boosting employee satisfaction and retention through this innovative wellness program. With proven case studies showing significant payroll tax savings and enhanced employee compensation, the next success story could be your organization.

Let us help you explore how this strategy can seamlessly integrate into your existing benefits plan, at no additional cost. Schedule a free consultation today to discover how your company can unlock hidden payroll savings while providing employees with the benefits they truly deserve.

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Insights

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