News Column

Gary Taffet: Education on Employee Benefits Is Vital for Workers, Employers Alike

Mar 4 2013 12:00AM

Marketwire

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PRINCETON, NJ -- (Marketwire) -- 03/04/13 -- When considering new employment, there are many considerations that a job applicant must weigh -- including not just the nature of the work itself, but also the salary. Closely related to this are the various employee benefits that an employer offers, not the least of which is health insurance coverage. A recent U.S. News and World Report article highlights the urgent need for individuals to consider employee benefits before committing to a new job. The article has won the attention of Gary Taffet. Taffet has worked in employee benefits administration for years, and believes that a proper understanding of benefits is imperative for employees and employers alike; he has weighed in on the U.S. News article with a statement to the press.

"Benefits are becoming increasingly recognized as the most important component of the overall compensation package," remarks Gary Taffet, in his new press statement. He continues by explaining why benefits have grown so significant to employees -- and to employers. "Good employees are at a premium. And companies are increasingly willing to provide valuable benefits to attract valuable employees. The value of the benefits plan is becoming more of a driver for both employees and employers, for both the attraction and retention of quality workforce members."

The U.S. News article affirms the comments made by Gary Taffet, recognizing the fact that employers are increasingly prone to sprucing up their benefits packages in order to attract top-shelf talent. What this means, the article suggests, is that employee benefits are no longer confined to basic health insurance offerings. More and more employers are starting to deliver maternity leave, work from home options, and more. In some cases, employers try to sweeten the deal with such unconventional provisions as the chance to bring pets to work.

The article continues by exhorting job applicants to be aware of the specific health insurance offerings of a given employer -- noting that, while most employers now offer some form of healthcare, the amount that an employer pays can be widely variable. Job applicants are encouraged to investigate the details, and to see how one employer stacks up against the next.

The article goes on to advise job candidates to inquire about paid time off, stock options, and more.

Gary Taffet is a long-time insurance and employee benefits professional; currently, Taffet works with the New Jersey-based Reliance Insurance Group. Taffet works with employers to devise benefits programs that appeal to employees, but also prove cost-effective and advantageous to the company itself.

ABOUT:

Gary Taffet is a veteran of the insurance brokerage and employee benefits administration industries. He currently serves with the New Jersey-based Reliance Insurance Group, a national leader in all manner of employee benefits and insurance services. At Reliance Insurance Group, Gary Taffet provides audits and reviews of employee benefit plans, and makes suggestions on how companies can receive better benefits while improving their cost efficiency. Reliance also provides services in health and life insurance brokerage. Taffet is a graduate of Rutgers, and remains an active donor to the university.



Source: Marketwire