PHP Agency Reviews what most people are looking for in a company’s insurance options. While some insurance companies offer a limited number of benefits, others offer the full load of insurance benefits. This is what more and more people are looking for in a company. The more benefits, the better their retirement looks for them. So, let us look and some of the most popular benefits candidates seek to find.
During the pandemic companies all over the world have lost employees or had to let go of their employees due to the lack of business. With that said, the unemployment rate fell to a record low of 4.3% this summer, leaving HR managers in a tough position to find quality candidates. Companies have had to learn how to innovate new ways to attract quality candidates. And one way to do that is to offer compelling company benefits. Offering competitive benefits package will help in acquisition and retention. Here is how they are doing just that…
Medical, Dental, and Vision Insurance. Most employers offer these types of insurance. This helps the employee take care of themselves and their family members. This one is a must for anyone who is looking for a salaried job. Unfortunately, health insurance can be the most expensive perk for an employer to offer. The good news is for small businesses, they can offer health insurance without bearing the cost of the entire premium. All they must do it pay a portion of the monthly premium to make their expenses more manageable. Any sort of insurance benefit an employee can get they will appreciate it.
Retirement Benefits. Offering a retirement plan can strengthen your employer brand and increase the number of applicants. Most companies offer a traditional 401k plan as an employee benefit. Retirement plans are a popular employment benefit since both business owners and the employees gets tax breaks whenever they make contributions.
Wellness Programs. More and more employees are taking care of their health and being mindful of their overall wellbeing. Since this has become such a hot topic these days, companies have decided to offer wellness programs as part of their benefits package. This would provide the employee, healthy snacks, yoga classes, discounts to a gym membership, and even mediation classes to name a few. Corporate wellness is increasingly being viewed as a key component to company success.
While companies struggle to find top talent, many are looking at their benefits package and insurance options to attract candidates. Research shows that competitive perks can be the best way to gain more top talent. These top candidates are looking for flexible schedules, health care insurance, retirement planning, life insurance, and wellness programs. Offer these benefits and you will find your top talent.