Four Meaningful Benefits to Attract Quality Employees
Four Meaningful Benefits to Attract Quality Employees
By Society Insurance
Today’s job market is competitive, but salary is not the only thing that attracts prospective employees to a company. Benefits are just as important, if not more so. Here are four benefits that can make or break employee recruitment and retention efforts.
1. Health benefits
The rising cost of healthcare can chip away at employees’ well-being, so health, dental and vision plans are essential to help them feel secure. In addition to offering options in healthcare plans, pre-tax benefits like Health Savings Accounts and Flexible Spending Accounts allow employees to set funds aside for medical expenses. Convenient telemedicine options add value to these benefits.
2. Flexibility and PTO
Work-life balance is important to employees, especially those who are caring for children or other relatives. Flexible schedules let people work around the unexpected and plan for appointments without having to worry about taking time off. Paid time off is critical to avoid employee burnout. Studies show a strong correlation between taking PTO and higher morale, higher productivity and lower absenteeism.
3. Student loan or tuition assistance
Higher education can leave people with extensive student loan debt so any assistance in that area will be a draw for younger talent. When tuition assistance is tied to years of service with a company, it can help with retention efforts.
4. Continuing education
There’s always more to learn in any career. Access to education is key in staying up to date on industry developments. Investing in continuing education for employees can show them a clear path to promotion within a company.
Understanding what motivates prospective employees can help companies tailor their compensation packages and hire high-quality candidates.
Society Insurance is committed to helping its clients attract quality employees. Learn more business best practices by visiting societyinsurance.com/georgia.
This information is provided as a convenience for informational purposes only. This information does not constitute legal or professional advice. It is provided to assist you in recognizing potential unsafe work problems or conditions and not to establish compliance with any law, rule or regulation.
Society Insurance is recognized throughout the industry as a leader in providing superior restaurant and bar insurance custom-tailored to fit the unique needs of each operation. To learn more, visit societyinsurance.com/georgia.
