Here's How Employers Are Incentivizing New Hires To Choose Them With Pet-Friendly Benefits Packages

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Hint: Get a quote from SPOT Pet Insurance.

With many industries and employers still looking to fill gaps in their workforce as COVID-19 continues to reshape the labor landscape, pumping up employee benefits and providing offerings well-suited to the needs of prospective hires may be one way to attract new talent. Pet insurance is one of those benefits that may tip the scales for a new prospect, and employers are adding this option to their benefits packages more and more frequently.

Pet insurance is a must-have employee benefit

With many of us relying on our furry friends for comfort and support throughout the pandemic, and others adopting for the first time to get them through the isolation of months-long shutdowns and quarantines, the well-being of our pets is a major factor when choosing employment these days.

There’s a trade-off for all those much-needed snuggles and excuse-to-leave-the-house walks, though: being a pet parent is expensive. And being a good pet parent is not only expensive, it’s time-consuming. Aside from the cost of standard preventative care, which includes vaccinations, check-ups and prescriptions, employees often need time off to take care of their pets, whether it’s to shuttle them to a regular vet appointment or the dreaded emergency visit. 

Employers are recognizing the need -- and subsequent payoff -- of investing in employee well-being, which extends to our pets. The comfort and joy a pet can bring can actually have a positive payoff for employers, increasing employee happiness and productivity. 

Pet-specific benefits employers are offering workers:

Here are some of the ways employers are attracting the right talent by providing a pet-friendly workplace and benefits packages to employees.

• Employee-subsidized pet insurance
• Paid pet parent leave, whether for new pet parents who need an adjustment period or for pet parents who need time off to take care of their pet
• Pet-friendly offices
• Hybrid return-to-work models to ease the transition period and reduce separation anxiety between pets and their humans
• Allowing workers to work from home indefinitely 

Partner with SPOT to offer pet insurance to your employees

According to SPOT Pet Insurance, a leading provider for pet healthcare coverage, 87% of employers report that having a dog-friendly workplace is helpful in attracting and retaining top-notch workers. 

This positive effect on workplace retention makes pet insurance a natural voluntary benefit to offer to your employees as part of their employment package. 

Employers who choose SPOT Pet Insurance as their pet insurance benefit provider are able to offer coverage to their team with a 10% employee discount on each policy. And those with multiple pets get a 10% multi-pet discount, meaning your employees can get coverage at up to 20% cheaper than buying coverage independently. 

Setting up pet insurance benefits with SPOT is super easy. They’ll customize a package for you, providing launch and HR materials to keep your employees in-the-know about their pet insurance options. 

It doesn’t cost employers anything to get started with SPOT. Billing is easy -- either set up a payroll deduction or direct bill depending on what works best for your company.

Employees enjoy open enrollment year-round, so they can sign up for coverage whenever suits them. The employer discount is applied automatically, and employees can choose their own vet and submit a claim to SPOT on their own. They can also choose their reimbursement method. Overall, it’s easy to offer your employees voluntary pet insurance through SPOT. 

Once you’re signed up your workplace for SPOT Pet Insurance, the program essentially runs itself, allowing employees to self-direct the use of their policy. 

Get started with SPOT Pet Insurance today. Attract and retain top talent by offering the most sought after employee benefits.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.