Employee Benefits

Providing Employee Benefits

An Employee Benefits Plan plays an integral role in the "total compensation" paid to an employee. These added costs may equate to the total amount paid to or for the benefit of individuals for services rendered in the course of business.

  • Direct cash compensation is the single largest component of total compensation (e.g., regular salaries, wages and bonuses).
  • Employee benefits - non-cash component of total compensation - are a large and ever increasing percentage of total compensation.

To stay competitive, employers need to find a way to control the cost of labor. First Hawaiian Insurance can assist you to ensure that your employees are taken care of by:

  • Designing a comprehensive benefits program that will integrate your benefits with the company's business strategy, compensation philosophy and human resource needs while also meeting the needs of your employees.
  • Finding more effective ways to control health care costs - those currently in use and those at the leading edge.
  • Selecting the appropriate retirement plan.
  • Designing, implementing and monitoring a Section 401(k) cash or deferred plan; and
  • Communicating your employee benefits effectively and helps you to retain your competitive position in the labor market.