GE, a diversified technology, media and financial services company, is offering companies employee protection through its Benefit Solutions scheme.

According to the Federal Trade Commission, identity theft is one of the fastest growing crimes in the US. GE is looking to benefit from the growing demand for protection and has launched Benefit Solutions.

The package also offers a legal assistance benefit programs in a bid to help businesses combat a leading cause of absenteeism and employee stress.

Employees are spending money and time on benefit and personal issues today more than ever before, said Eric Kirchner, national sales leader for Benefit Solutions.

Employees are asking for more voluntary benefits. We can provide employers what they need to round out their benefit portfolios, so they can recruit great new employees and take better care of the ones they have, he added.

The scheme is part of GE Consumer Finance which provides employee benefit options including health discount programs, dental discount plans and innovative legal coverage.