In today’s business world, finding and keeping great talent can be hard. People are working hard on their careers, their lives are changing, and their needs are changing along with it. And, let’s face it, most of them expect to compensated for it!
So, as an employer, what do you do?
If you think their salary is all that motivates them, the next company that comes along and offers them more will surely take them away from you.
By offering employees benefits, you can increase your retention time for good employees! Employees feel valued, appreciative and are often more loyal when offered different benefits.
Employee benefits do not have to cost your business a lot of money
You understand how important employee benefits are to employees, but that does not mean you have to spend a large portion of the business’s revenue to make them available.
Many employee benefits can simply be company policies:
- Vacation time
- Maternity/paternity leave
- The ability to work from home
- Paid time for a certain amount of volunteer time
These benefits come with no cost to your business other than time away from the office, but are what the type of flexible benefits employees want.
Do not be ungenerous with the benefits and only offer those that are free for your business. Some employees are searching for the right benefits more than compensation.
Here are some additional unique employee benefits you can choose to offer:
- Health insurance
- Life insurance
- Disability insurance
- Retirement planning (such as a 401k plan)
Call one of the insurance experts at Henry Insurance Service and we can help you with the first three!