Life Insurance Is One Key To Hiring And Keeping Leaders

There are some advantages to hiring younger people everyone knows – particularly, it has a tendency to reduce payroll. But more business leaders are coming around to the conclusion that older employees with longer tenure have a unique role in promoting leadership.

Employees who have been with your enterprise longer have more time to develop deep insight. Studies show it takes about two years for a new employee to be fully productive in a new position. It may take years longer before they are truly ready to lead.

Employees with 10 years of experience or more – not only in the industry or similar roles, but at your firm – are the flip side of the coin. They have the ability to mentor others and help them reach their potential, creating a virtuous cycle.

The issue: As employees age, they become more conscious of the future.

They have their own concerns at the end of the day. Often, that means providing for a spouse and children, preparing for retirement, and leaving a legacy. These go beyond the office walls, but you can reduce turnover and improve employee morale with life insurance.

Life Insurance Is A Safety Net For Older Employees
As professionals reach their 40s and beyond, they begin to make detailed calculations about the benefits their employers offer. One subject they are sure to look at is life insurance.

This kind of insurance is a hard topic for many people to discuss. The process of looking for insurance and considering its implications can provoke anxiety, but once you have it, it’s a relief.

Likewise, employees who have insurance are more likely to think twice before moving on to another company. They will have to reflect seriously about whether their needs are covered and how much value they might lose. This gives you a chance to keep the relationship going.

Many older employees are eager to go on working vigorously for decades as they approach retirement. Life insurance gives them the freedom to do so with one less big worry in mind.

Life Insurance Isn’t Just For C-Suite Executives Anymore
What does it take to stand out from the crowd and become an employer of choice?

No matter what your industry, one answer comes to mind right away: The feeling that your brand will stand behind your employees every step of the way as long as they are doing their share.

That commitment isn’t just for the younger years!

With age comes a greater focus on prolonging wellness and preparing for the unexpected. Your company can be there through it all, allowing your employees more time to share the benefit of their experience as they age.

It’s common for senior executives to have robust health and life insurance. However, the people who worry most about these issues are typically those in the middle of the org chart. By introducing life insurance, you raise morale and keep them focused on the tasks at hand.
Flagler Financial can help you do it.

Our expertise in total human capital management is unique, balancing benefits and all other elements of the employee experience. This lets us optimize your benefits structure so you can get the greatest results for your investment.

At Flagler Financial our experts can demystify complex topics like insurance. We partner with you to find the ideal solution for your current workforce and future goals.

To find out more, contact us.