How to Compete in a Candidate-Driven Job Market
With a candidate-driven job market, companies need to spend more money to attract the right talent. The typical business in a competitive job market will spend $4,000 to fill an open position and take an average of 52 days to fill it. Of the companies surveyed in the Glassdoor report, 47 percent said they had a candidate decline a job offer because they accepted another opportunity. Throughout the first quarter of 2017, the frustration level for human resources has been high when attempting to fill positions.
Retaining employees in a competitive job market is no easy task either. According to the latest Glassdoor report, 51 percent of employees surveyed are thinking about making a job change. A big part of this dissatisfaction can be tied to the fact that less than half of today's small businesses are offering any type of health benefits to employees.
How Human Resources Can Use Employee Benefits to Attract and Retain Talent
Human resources need to get creative in attracting and retaining talent, and highlighting employee benefits is a proven tool for accomplishing this. However, it's crucial that the employee benefits solutions being offered meet the employees' expectations and needs for this tactic to be effective.
At Summerlin-Roberts, we take the time to understand the needs of your business and your employees in order to put together custom employee benefits solutions to best accomplish your goals. We work with all major health insurance companies to be able to offer competitively priced solutions that don't compromise the quality of benefits to your employees. We also offer supplemental health plan solutions to help relieve your employees' financial burden when illness strikes.
In addition, we understand that today's employees want an all-encompassing employee benefits package, including dental and vision insurance, disability and life insurance, and voluntary benefits such as critical illness and accident insurance. Our team at Summerlin-Roberts has access to the best-in-class partners to put together a custom employee benefits program that will allow your company to stand out.
Don't lose top talent due to offering a mediocre employee benefits package. Instead, contact us at Summerlin-Roberts to re-examine your current benefits offering and learn how you can provide more flexible, cost-conscious employee benefits solutions for your company.