3 Reasons to Provide Employee Benefits
June 28, 2017
One of the key ingredients to the success of your business lies in finding the best people to work for you. Learn how employee benefits can help your company find (and keep) the cream of the crop as you continue reading this article:
Attracting the best and the brightest is easier than ever
It’s no secret that younger generations of workers, like millennials and Generation Z, have different workplace values than older generations. Some of their differing needs include workplace mentorship, frequent feedback and flexible hours. But did you know that a good chunk of millennials would choose employee benefits over a pay raise? (We’re not kidding.) It’s safe to assume, then, that the more comprehensive and flexible your benefits plan, the better the chance of recruiting that next rising star. Source: Blog.League
Healthier employees
Assuming you offer some type of health/dental plan and sick leave, your workforce should be in relatively good health. If your employees have solid health insurance plans in place, there is a better likelihood that they will have regular checkups and take preventative medical steps, which should help in ensuring they don’t take many sick days. . By offering sick leave, workers who are sick and may be contagious won’t infect others. The end result should be a healthier workforce. Source: BusinessBee
Retain top employees
Employee benefits help your staff remain financially stable in the case of illness or injury. The most effective employees know their value and expect to receive benefits equal to their own investment in the job. When you offer medical and disability insurance as well as some form of a retirement savings plan, you are more likely to retain those top-tier employees who feel valued and properly compensated for their work, notes an article on the Entrepreneur website. Additionally, employees tend to be more productive when they believe they are compensated appropriately. Source: Work.Chron
Find out what kind of benefits you can offer to your employees by calling us today!
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These articles are not intended to dispense legal advice and should not be taken as such. You are advised to obtain legal counsel if required to address areas of concern this article may have raised. The goal of these articles has been to draw your attention to an aspect of your business which may currently be neglected.
