One of the key pieces in successfully implementing a prevailing wage benefit plan is educating employees about its advantages.
During the enrollment meeting, we explain to the workers how the bidding process works. Most quickly understand that savings generated by offering the plan help the company win bids, which means they're more likely to continue to have jobs. With so many workers unemployed - many for long periods of time -- any objections usually disappear. In addition, the plan helps them put money away for retirement and provide medical insurance for themselves and their families, as well as ancillary benefits like vision, dental, and life insurance.