1. Health Insurance
When you ask employees or job seekers what benefits they look for first, the answer is almost always health insurance. The increasing cost of healthcare is something many families just can't keep up with, so offering a robust health care package is a great way to catch the eye of job seekers. Current employees also appreciate health insurance as it shows you genuinely care about their health and well being. With this benefit you gain productivity from having healthy employees and improve morale among your workers. It's easy to see why health insurance is an employee favorite.
2. Paid Time Off
Paid time off is generally regarded as the second most attractive employee benefit. Employees want a job with good work-life balance and being able to take a day off of work every once in a while without having to jump through hoops is an important part of that. With a PTO system in place your employees will better appreciate their job and believe it or not, absenteeism can actually be improved when workers are allowed more flexibility to balance their personal and professional time.
3. Retirement Plans
Employees are becoming increasingly concerned with planning for their retirement. Some would say social security is in a shaky position and the new generation of employees is more individual and wants more direct control over their finances, retirement included. All of this means that retirement benefits like 401(k) plans and pension plans are increasing in popularity among employees. An employee who feels like their job is setting them up for a bright future where they can retire and not have to worry about finances is much more likely to stick around for the long haul.
4. Diversified Voluntary Benefits
Today’s workers are more diverse than ever with different health situations, family and home circumstances, and financial needs. It’s important to offer your employees options for which they can choose what’s most important to them. Benefits such as disability insurance and life insurance are traditional but more present in today’s workplace are benefits such as accident insurance, auto & home protection, student loan repayment options, and employee purchasing programs. By expanding your employee benefits package you will expand your opportunity to be an employer of choice to high quality job seekers.
5. Flexible Schedules
As work-life balance becomes a major consideration for employees, more and more are looking for jobs that offer flexible work schedules and the ability to telecommute. Employees have families that they want to spend time with and interests they want to pursue, and they are no longer as willing to compromise on that. By offering flexible hours you get employees who are genuinely interested in being at work. Someone who does not work well in the morning but is forced to come in at 8 AM sharp would be much more productive were they allowed to start a few hours later at 10. Sure, this makes scheduling a bit more complicated but the increase in employee loyalty and productivity are well worth it.
Offering an impressive salary is no longer enough to attract and retain employees, you also need a good benefits package. Please contact us at Summerlin-Roberts to learn more about our employee benefits services.