A POWERFUL RECRUITMENT AND RETENTIONTOOL The Top 5 Employee Benefits
No. 2: Flexible Hours Our lives are busier than ever before, and
No. 4: Work-From-Home Options Technology has made it so that many employees don’t need to be in the office all the time. Because of this, many employees actively seek out jobs that provide flexible work options. Even offering one or two work-from-home days per week can be a huge draw for candidates. No. 5: Unlimited Vacation This policy might sound crazy on first read, but admired companies like Hubspot, Dropbox, and Netflix all offer unlimited vacation. Each company structures their policy a little differently, but they all stress the importance of work-life balance to support happy, productive, and fulfilled employees.
The most powerful employee recruitment and retention tools a business has are the pay and the benefits package it offers.While a killer company culture and creative amenities look great in a magazine spread, they aren’t enough to convince top talent that their future lies with your business. The right benefits package, though, could persuade a prospective employee to choose a position at your company over another that offers a similar salary.According to a study conducted by Harvard Business Review, these five benefits are considerably more desirable than others. No. 1: Health, Dental, and Vision Insurance As the cost of health care has skyrocketed in recent decades, so too has the demand for employers to provide comprehensive coverage. Unsurprisingly, it’s the most expensive benefit to provide.Weighing how much coverage your company is willing to offer may be a delicate balancing act, but the rewards can completely change your business for the better. Companies like Patagonia, with its best-in-class maternity policy, retain employees at a significantly higher rate than average.
scheduling conflicts crop up all the time. Employees don’t like having to decide between working and attending their child’s soccer games. Offering some flexibility in terms of when somebody can work, therefore, is extremely desirable. No. 3: More Vacation Time In the European Union, companies are required to offer at least 20 days of paid vacation to employees. In the U.S., that number falls to a whopping 0. In fact, 1 in 4 American employees doesn’t get paid time off at all.The more you offer, the more appealing you’ll be.
If you’ve found yourself wondering why you can’t attract the candidates you want, take a look at your benefits policy.When you can’t compete on that front, you’ll find it mighty difficult to get and keep the best people.
What Some of Our Clients Are Saying
I have known Shayne for almost a decade. He and his staff are an absolute pleasure.They completely have your best interests as their goal. Extremely friendly, very professional, and always fighting for you. -C.C. Shayne and his staff are always there for me when I need the most updated information regarding my policies! -Dariel
Always helpful, easy to reach, questions answered professionally and in a timely manner. -Linda C.
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