The number of startups is continuously increasing each year, and it has been clear that companies need to do something to boost their employee retention. They need to come up with an enticing benefits package that will motivate and condition their employees to stay.
With so many companies conducting their case studies and surveys regarding what kind of benefit package they need to offer; five benefits topped the list. These factors rank among employees.
Many companies are consulting actual benefit firms to know the most comprehensive health benefits package they could give to their employees and potential employees. These insurances can be dental, vision, health, and other kinds of insurances.
One of the foremost reasons why employees stay is because of the health insurance benefits. Not all companies are giving this privilege to their employees. Most companies avail HMO plans since they have a variety from which medical doctors choose.
Flexible Working Hours
Most companies nowadays are offering flexible hours of work time. It means the start and end time varies. In the past, only large companies are doing it. However, small-scale companies already started offering flexible hours of work.
Employees who have children are very keen on finding companies that offer flexi-time. Based on certain surveys, almost 90% of employees would consider changing jobs even if they will receive a lower salary as long as their work time in the office is flexible. It is common for moms and single parents to enjoy this option.
In finding the best candidate for your business, work-life balance matters most to employees. Give them some slack as long as they still deliver.
Longer Vacation Period
Most employees consider that vacations are one of the most desirable benefits they could receive from their employers. However, many companies are giving their employees vacation time, but they don’t give the actual time to enjoy it. It was noted that many employees do not use up their vacation time since they don’t have the chance to take it.
In fact, some employees are afraid to take time off from work since their backlogs are going to pile up. Job seekers should seek a company that gives a vacation time and allowing them to take it in their optimal time
Work from Home Option
In this era of Digital technology, more jobs are arising without the need for a physical office to operate. In fact, it has been happening now around the globe.
Work at home policies of each company varies depending on the duties and responsibilities required by the job. Having the choice to work from home is something employees are longing.
Employees allowed to work from home enjoy the privilege of managing all the household chores while still being productive at work. It gives them an prospect to take care of their children and attend to other family matters without the need to sacrifice their jobs.
There are more on the list of the most desirable employee benefits, but these five are the ones most sought after. Make it comprehensive; workers compensation insurance should be given to ensure the employees from illnesses and injuries that arise from the actual job. This coverage does not only benefit the employees, but the company as well because employees stay when they feel a sense of security and safety in their workplace. At Employee Solutions Group, we aim to make our client's life easier with policies that are tailored to their needs. You can get more information about our products and services by calling our agency at (833) ESG - SERV. Get your free quote today by CLICKING HERE.