Voluntary benefits can increase job satisfaction, reduce expenses, improve productivity and help set you, the employer apart from your other competitors when recruiting key staff for your business. It also is a primary factor in the decision employees make to stay with their employers when compared to job opportunities that do not offer benefits.
Last year we shared with you a blog on the benefits of offering and selecting dental coverage. Today, we will discuss vision coverage. According to a recent MetLife study, the cost of offering benefits can result in fewer absences and employers can gain as much as $7 for every $1 spent on vision coverage. Up to two-thirds of all adults indicate they use corrective methods of some kind for their vision and reportedly, the industry makes over $15 billion a year on eye care related services and products. In fact, some studies indicate that employee performance can decrease by as much as 20% due to poor eye sight. Regular screenings can help detect potential medical conditions such as Diabetes, Hypertension & High Cholesterol. Studies show that eye doctors are responsible for first identifying these issues anywhere from 20% to 65% more often than medical doctors through routine visits.
Clearly, vision care is a great benefit to have. However, today a third of all companies do not offer any form of vision benefits and nearly half of all small companies do not offer vision benefits at all. Employees when presented with options have reported placing the most value on premium savings and out-of-pocket expenses for themselves and their families. They also indicate having the option to choose which provider to visit for their care as being a top priority.
With all of this information, what options are available to you the employer? At StaffScapes, we offer quality eye care solutions through EyeMed Vision Care. Choose from a nationwide network of providers including thousands of conveniently located optometrists, ophthalmologists and opticians as well as retail locations such as LensCrafters, Target Optical, and most Sears Optical and Pearle Vision.
For more information about vision benefits and the many additional program offerings StaffScapes provides its clients, please call 303-466-7864 or emailinfo@StaffScapes.com.