Good employees are at the heart of any successful business which is why it’s so important that you find the best people and more importantly, you keep them from leaving and taking another job elsewhere. Paying a good salary is one way to entice people but it’s not the only thing that matters. Employees also want to feel as though they’re going to be entering a positive work environment with plenty of opportunities for progression etc. On top of all that, people will look at what employee benefits they’re getting. Benefits are important because they’ll attract the best talent and they’ll also show your current employees that you value them, increasing productivity and making it less likely that people will leave. If you aren’t giving your employees a good benefits package, read this list of the things you should be offering.
Private health care divides opinion with some employers offering it while others don’t think that it’s necessary. If you really want to make yourself stand out from your competitors and make sure that the best people come to work for you, you should consider an employee assistance programme. As well as getting physical care which will reduce the likelihood of them having to take time off work and make them generally healthier, you’ll also get mental health services included. This is vital because research shows that stress at work is causing a lot of mental health issues. If your employees are experiencing these problems, they’ll find it impossible to work effectively and might end up having to take time off. By offering them a health care package that includes counselling and other mental health services, you can make sure that they’re always happy.
Even if you’re providing them with health care, that doesn’t mean they’ll never get ill. If you’re working for somebody that doesn’t offer a good sick pay package, being off work even just for a week can land you in some serious financial trouble. If you end up getting seriously ill and you have to be off for a long period, you’ll really struggle. That’s why people often look at the sick pay allowances first when trying to decide between 2 jobs. If you’re not offering a good package, you’re likely to lose the best people if they’ve got other offers.
Saving for retirement is a priority for a lot of people, especially as they move into the later stages of their career. The cost of retirement is constantly going up as life expectancy rises and a lot of people have concerns about whether they’ll be able to afford it or not. Often, a good retirement plan is a deal breaker for new employees. If you aren’t putting enough of a contribution into their retirement fund, they’re likely to go and work for somebody else that will look after them later in life.
Employee benefits are the best way to attract the best people to your company and make sure that your staff are always happy and motivated.