The heart and soul of your organization are your employees. To keep your employees engaged, content and stay in your company for long, you must give them a reason. One of the most effective ways to retain and attract talented employees is via employee benefits.
Employee benefit programs are offered by employers in addition to salaries. Offering a great benefits program can give you a competitive edge and build employee loyalty.
However, benefits programs are not created equal. Different companies offer different benefits programs. Moreover, no two employees want the same benefits.
If you are confused about what type of benefits to offer, here are the most sought-after benefits that you may consider:
Health insurance
Let’s start with basics i.e. health insurance. Due to the considerable increase in healthcare costs, employees expect health insurance from organizations.
According to a Harvard Business Review survey, employees value health, dental and vision insurance more than any other benefit. In fact, almost 88 percent employees want to know if an organization offers these benefits before taking up a new job.
Flexible hours
In addition to health insurance, flexible hours, paid time off and paid sick leaves are other important considerations for employees.
Maintaining work-life balance is becoming increasingly difficult due to our hectic schedules. Flexible hours and paid leaves allow employees to achieve a healthy work-life balance, which can lead to better productivity.
Work from home
Many organizations are now offering employees, especially single parents, the chance to work from home on days they cannot make it to the office.
Work from home option works is beneficial to both employees and organizations. Instead of taking the day off, employees can work from home and ensure that the company’s work flow is not disrupted.
Student Loan Assistance
With 44 million Americans crippling under student debt, offering student loan repayment assistance can help companies improve their recruiting efforts,
Professional Development Training
Employee growth and development is the key to achieving company’s goals. Provide professional development training to your staff in order to boost their skills.
Google, for example, offers free, additional training courses such as machine learning crash course to their employees. Coupled with improving their skills, employees can deliver better quality services and products for Google.
Employee benefits programs reflect your company’s culture. To introduce a benefits plan that best suits your company’s goals and culture, contact us.
JS Benefits Group is a renowned employee benefit and HR consulting firm that specializes in offering customized benefits and wellness programs to organizations in Delaware.
