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Bolstering the appeal of your business to potential new workers is a two-way street. Both employees and employers stand to benefit from a smartly developed and creatively deployed benefits package.
Employees benefit by gaining and retaining top industry talent, which helps their business to boom and thrive for years to come. Employees benefit more directly - from the benefits themselves. But given the complexity of modern employee benefits management, it is a smart move to utilize expert benefits consulting at key points to ensure you are making the best decisions.
Why Are Employee Benefits So Important?
There are many good reasons why employers should consider employee benefits one of their top concerns. First of all, you have to provide basic benefits like workers' compensation insurance, time off (without pay) in accord with the Federal Family and Medical Leave Act, and more just to stay legal.
Second, offering benefits like health insurance, life insurance, free child care, dental and vision plans, pensions, paid vacation days, transportation to/from work, gym memberships, and profit sharing can attract highly skilled workers to your company. These types of benefits are often valued by employees as much or more than their regular salary.
Third, happier, healthier employees result when you provide health insurance, retirement plans, and other "perks" and benefits. This can, in turn, boost worker productivity and reduce the number of sick days and "skip days" your staff surprises you with.
Benefits Consulting Helps You Know What Employees Value Most
The foundation of a good benefits package obviously has to be core benefits that your employees love. But which benefits are most popular? Surveying your employees and talking to a benefits consultant can help you make that determination and still keep everything practical and affordable.
But here are 5 key benefits that have often proved most popular among employees across many industries:
Contact Summerlin Benefits Consulting today to learn more during a free, no-obligation consultation!