While a paycheck is the main reason for an employee to perform a job, there are several benefits that are highly sought after. And in order to hire and retain top talent, it’s in your business’ best interests to offer at least some of the following attractive benefits.
Employer-sponsored health, dental and vision insurance policies are a must for many job seekers. Paying a portion of your employees’ premiums not only helps them save a valuable chunk of money, but it also shows that you’re invested in their well-being. Individuals are more likely to develop loyalty for a business that takes care of them.
Another way to take care of your employees is to offer a 401(k) program with employer matching. Saving for retirement has never been more important now that many people can no longer rely on Social Security. The ability to begin saving early and earning “free” money from one’s employer on top of compounding interest is a very attractive benefit.
Paid Time Off
Taking time off work not only helps one maintain a work-life balance, but it’s also refreshing and rejuvenating. The chance to de-stress for a bit helps employees come back with a fresh head and reduces burnout. A good standard is to offer ten days of vacation and five personal/sick days to employees during their first year, then increase these numbers as employees dedicate additional years of service.
School schedules, doctor visits, home repairs and numerous other things make a strict 9 to 5 job very difficult to manage in today’s modern world. Instead, consider offering flexible hours to allow employees to work at times that are more convenient. Many individuals also desire the opportunity to work from home. The more flexible you are with your employees’ needs, the more comfortable they are likely to be working for you.
Need more pointers? Call Sound Benefit Solutions at (925) 244-1330 for more information on San Francisco Human Resources services.