Poised for growth, hungry for talent

 

Poised for growth, hungry for talent

Poised for growth, hungry for talent

Once the foundation of our nation’s economy, the manufacturing industry is again ascendant, profitable and growing. Yet it’s facing a new challenge: recruiting skilled talent with a shrinking talent pool. As baby boomers retire, fewer early and mid-career workers are entering the sector, fearing the lingering tarnish of the economic downturn’s layoffs.

But today’s manufacturing workforce isn’t the same as it was a decade ago. Transformed by technology, opportunities for skilled positions with better pay and advancement potential abound. It’s time to entice talent to the sector.

An Advantage for Owner-Operators

As an owner-operator, you value the best healthcare coverage for yourself and your family. Now you have a way to get back to yesterday’s “100% plans” with a supplemental insured benefit that can be layered on to your primary medical plan, Ultimate Health. This insured solution provides a great way for you to tax-efficiently* pay for your out-of-pocket healthcare expenses so you don’t have to use after-tax dollars. And it’s a way to retain, reward and protect your key talent.

*This is not local, state or federal tax advice as each person and company is unique. It is recommended that you seek the independent counsel of a professional tax adviser.

An Advantage for Owner-Operators

As an owner-operator, you value the best healthcare coverage for yourself and your family. Now you have a way to get back to yesterday’s “100% plans” with a supplemental insured benefit that can be layered on to your primary medical plan, Ultimate Health. This insured solution provides a great way for you to tax-efficiently* pay for your out-of-pocket healthcare expenses so you don’t have to use after-tax dollars. And it’s a way to retain, reward and protect your key talent.

*This is not local, state or federal tax advice as each person and company is unique. It is recommended that you seek the independent counsel of a professional tax adviser.

Recruiting skilled talent can be tough when approximately 2.7 million workers—or 22% of the industry’s workforce—will retire from manufacturing between 2015 and 2025. Lucas Group

Pay less than a bonus to give more value

Our expense reimbursed insured plans can provide an efficient way to reimburse for healthcare out-of-pocket expenses. If you offer an employee more money in the form of a raise or bonus, your company would pay more with payroll taxes and fees, and the employee would take home less after taxes.* With expense reimbursed insurance, your company may gain a more cost-effective way for reimbursing incurred healthcare expenses than a comparable bonus or raise. Our insurance plans can ebb and flow with life and health stage needs as they change, providing personalized value that simply can’t be matched by traditional gap-filling solutions. Beyond giving a valuable benefit, it’s also a great way to combat a shrinking talent pool. Make recruiting skilled talent easier by boosting the total compensation package without breaking the bank.

*This is not local, state or federal tax advice as each person and company is unique. It is recommended that you seek the independent counsel of a professional tax adviser.

Pay less than a bonus to give more value

Our expense reimbursed insured plans can provide an efficient way to reimburse for healthcare out-of-pocket expenses. If you offer an employee more money in the form of a raise or bonus, your company would pay more with payroll taxes and fees, and the employee would take home less after taxes.* With expense reimbursed insurance, your company may gain a more cost-effective way for reimbursing incurred healthcare expenses than a comparable bonus or raise. Our insurance plans can ebb and flow with life and health stage needs as they change, providing personalized value that simply can’t be matched by traditional gap-filling solutions. Beyond giving a valuable benefit, it’s also a great way to combat a shrinking talent pool. Make recruiting skilled talent easier by boosting the total compensation package without breaking the bank.

Mitigate the risk of losing a strategic leader

The strength of your bottom line relies on your leadership. Losing a leader costs your company knowledge, productivity and sometimes even important clients. Instead of focusing on your strategic plan, you are forced to put out fires. And there’s no guarantee a replacement will be easy to find or the right fit culturally. Mitigate the risk of leadership loss by investing in benefits designed to drive loyalty, reduce health and travel risks, save time and enhance productivity. Learn more here.

*This is not local, state or federal tax advice as each person and company is unique. It is recommended that you seek the independent counsel of a professional tax adviser.

Mitigate the risk of losing a strategic leader

The strength of your bottom line relies on your leadership. Losing a leader costs your company knowledge, productivity and sometimes even important clients. Instead of focusing on your strategic plan, you are forced to put out fires. And there’s no guarantee a replacement will be easy to find or the right fit culturally. Mitigate the risk of leadership loss by investing in benefits designed to drive loyalty, reduce health and travel risks, save time and enhance productivity. Learn more here.