Expense reimbursed insurance plans can be carved-out by class to boost benefits for just those difficult-to-recruit-and-retain positions, whether that’s leaders, physicians, nurses, skilled labor or other in-demand roles. This lets employers determine who to cover and how much coverage to offer.
By tailoring benefits to the needs of difficult-to-recruit-and-retain employees, employers can:
- Differentiate benefits from talent competition
- Avoid bidding wars (since not just focused on salary)
- Offer year-long rewards (versus one-and-done bonuses)
- Gain a tool to incentivize loyalty or production