Let’s face it: salaries are competitive. Especially with more jobs in the market, you want to offer your new hire a desirable salary that will make them want to say “yes”. But a good package deal is more than just a great salary – you need to have a good benefits package as well.
Why?
Because one catastrophic health problem can put even a six-figure salary individual in a financial rut. So when you offer a competitive salary – more power to you. But when you add in a valuable benefits package – now that’s saying a lot more about how much you care about your employees. The more you care, the happier they are. And the happier they are, the stronger the benefit to your company.
A few perks you will want to include in your benefits package are as follows:
1. Health insurance: Do you offer a “one-size-fits-all” plan or do you have several options? Are preferred physicians and specialists in the network? Insurance costs have increased, so some employees are putting their own health care plans together themselves, so when you offer then options, you are empowering them with their own health.
2. Dental and vision: Sometimes overlooked by businesses, your bi-annual visit to the dentist or optometrist can be costly, so offer your employees some assistance with such health specialists.
3. Retirement: It’s incredible how many companies do not offer a retirement plan for their employees, which is essential to their finances in the long run. That, or they need to wait a long time before opening one. Consider 401(k) features such as automatic enrollment to make it easier for your employees to build up retirement and start planning for the future.
4. Time off: Vacation is a must, but what about flexible hours and maternity leave? This is one question candidates will usually ask before taking a job, and you want your answer can sometimes make or break the offer. Not because they don’t want the position, but because life work balance is a necessity – not a luxury.
5. Wellness programs: A good employer also offers other incentives to help employees maintain a healthy lifestyle. From gym memberships to other health/recreational, many wellness bonuses are appreciated.
While there are many benefits you can include in your package, these pointers will give you a few things to consider.
How do you make your employees feel appreciated? We’d love to hear about how you empower your employees, increase their benefits and consider their professional and personal futures. Tell us on Facebook!
