Let’s face it. Life happens. And it usually happens at the most inconvenient time possible, pulling our time, focus, energy and attention away from being productive and lands these resources squarely on putting out the latest fire.
As a small business owner, you probably know all too well the impact that your business can face when just one person is dealing with a personal matter. When you envision your employees being pulled away from work to deal with a personal or family issue, what picture comes to mind? Do you see a medical situation – surgery, illness, injury or a sick family member?
Would you be surprised to learn that almost half of the employees who take time off from work do so to deal with problems that are either legal or legal-related? (LSK Associates Study)
Would it also surprise you to learn that the average person is more likely to find himself in court than in the hospital? Even with this eye-opening fact, most people have health insurance, but no plan for legal problems. (Hospital Statistics: Emerging Trends & Examining the Work of State Courts)
An employee legal service plan offers preventive legal care for your employees and their families to help ensure that minor and everyday legal situations do not escalate into serious legal problems. An employee facing a legal situation is likely to be distracted, absent, emotionally affected, and non-productive.
Your employees’ personal problems can have a significant impact in your bottom line. Studies show that an employee with legal problems usually:
- · Is absent five times more than average
- Uses his/her medical benefits four times more than average
- · Uses sick leave twice as often as the average employee
- · Experiences a substantial reduction in his/her productivity (LSK Associates Study)
As an employee benefit, a Pre-Paid Legal Services Life Events Family Legal Plan:
- · Is available to all your employees and their families
- · Enhances your overall benefits package
- · Is payroll-deducted as a voluntary benefit
- · Costs your employees less than it would if they were to purchase it on their own
According to a 2010 Univers study, 28% of employees in the companies surveyed had an employee legal plan – higher than the 19% who reported having homeowners and auto insurance at work. Further, 87% of employees who have a group legal plan tend to use it more than once and are 2.5 times more inclined to consult an attorney than those who found an attorney outside of work.
“One out of every two Americans will need the advice of an attorney in the next twelve months.
Of these, nearly half will attempt to deal with the matter on their own.”
(Legal Needs and Civil Justice: A Survey of America)
Pull your employees out of this statistic and set them apart as those who have access to legal services when they need them.
To learn more about how an employee legal service plan can benefit you, your business and your employees, contact me at 512.704.8592 or firstname.lastname@example.org.
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