Employee benefits are vital to all companies.
Employees who are happy and satisfied with their jobs are much more motivated. As an employer, it is important to recognize exactly what top-tier employees are looking for in a job. While compelling work and competitive salaries can help to attract talented employees, a strong employee benefits package can be a complete game changer.
A benefits package can include health benefits, retirement benefits, and everything in between. Having the right employee benefits can be the difference between recruiting the right person for the job and losing them to your competition.
Offering the right benefits is a key tool when it comes to recruiting and retaining your employees. More than half of employees report that quality benefits are the reason that they are sticking with their current company. Almost 50 percent of employees say that the benefits package was the reason that they decided to work for the company in the first place.
Strong benefits can directly translate to employee satisfaction. Employees who are satisfied at work are much more likely to be loyal. In fact, over 70 percent of employees who were happy with their benefits were also happy with their employer and job.
Even if your benefits package is lacking, providing strong benefits education can help to keep employees satisfied. If your employees get accurate and clearly communicated benefits education, they are much more likely to look at their company in a positive light. Employees who had well-communicated benefits were also much more likely to believe that their company values their work and cares about them personally.