Premier Solutions International

12 Reasons to Add ID Theft and Legal Benefits at Your Company

Thursday, October 20th, 2011 | Uncategorized | No Comments

Identity theft and legal services are the most requested voluntary benefit in North America because they directly solve issues that affect employees’ lives, families, and work performance. Over 60,000 North American companies of all sizes have turned to identity theft and legal benefits to create a security culture at their company and decrease costs.

1. Employees spend 200—600 hours away from work when victimized by identity theft
2. “Stress costs businesses $9,500 per employee-over $300 billion annually” – Bureau of Labor Statistics
3. According to a 2008 Mercer study, “The cost of employee absences is very significant, amounting to 36% of payroll, including costs for the wages paid to employees while absent, lost productivity or replacement worker and admin expenses.”
4. “Workers can waste more than 20 hours of company time per month dealing with or thinking about personal finances or legal issues.” – Debt Free America, October 2006
5. Reduce work related injuries and medical costs
6. Over 70% of your employees are dealing with a legal issue right now that is affecting their productivity
7. Number of Fortune 500 companies offering a legal benefit increased 60% last year
8. Enhance your benefits package- Over 40% of all Fortune 500 companies have decided to offer a legal benefit
9. 72% of IDT is not financial but is Drivers license, Social Security, Medical, or Criminal
10. Approximately half of your workforce will take time off this year to deal with a legal issue
11. Your employees are TWICE as likely to take time off to go to court than to go to the hospital
12. Usage of this benefit went up 67% last year (59% of men and 54% of women surveyed felt a group legal benefit would influence their choice of employer)

NO COST to the Company!

For more information about adding identity theft or legal voluntary benefits at your company, or for a free identity theft seminar for your workforce, find an agent in your state or contact PSI.