In our last post, we recommended explaining why offering a good benefits package is in an employer’s best interest.  But when it comes to addressing the fact that benefits improve retention, you will need to take a step back.

Spanish speakers very often think that an employer would prefer to replace a higher-paid senior employee with a new-hire who will work for less per hour.   The perception is that, if they were to walk out tomorrow, there would be dozens of candidates lining up to do their job for less.  So telling them that their employer offers good benefits because this will improve retention may make no sense to them.

I have actually had people argue with me on this when I present on this topic in Spanish, telling me it is just simple math and good business:  Of course their employer wants the cheapest possible labor.  I had to do slightly less simple math for this group to show them that retaining employees saves money and that turnover is extremely detrimental to a business.  It took a bit of time, but they got it.  This is a very valuable exercise.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

BenefitsPRO Broker Expo 2024Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO Broker Expo 2024Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.