The Top Benefits Employees Want

A company is only as good as its employees – they do all the work to bring in the money, after all. You need to attract the best people for your company (which might be a personality match as well as those with the right skills), and once you have the right people, you need to hold onto them.

Hiring and training are expensive, and there is no guarantee that the replacing person will be better than the one that leaves – so ensuring that your employees want to keep working for you should be a top priority.

As a basic requirement, your pay should be competitive – employees will not feel valued if you pay below market rates, and they will always be on the lookout to move on.

However, to stand out from your competition and appeal to employees, you should include a comprehensive benefits package that will draw in the talent you want. So which benefits are the most sought-after at the moment?

Healthcare

Employee healthcare schemes or insurance programs are one of the top benefits that employees are looking for. Depending on their circumstances, an employee could easily choose a job or leave a job based on the healthcare policies it provides.

Their satisfaction with the job could easily be a secondary thought. Comprehensive plans, particularly those covering family members, would be a great way to attract staff and keep your employees.

An insurance package which includes a Medline OTC membership card can be a huge draw – your employees can pay for necessary medication as needed rather than claiming back, which could leave them out of pocket for longer than comfortable.

As mental health care is another top concern of employees, it is also worthwhile ensuring that your plan covers full support in this area – whether that is support to take some time off or having professionals to talk to.

Mandatory Time Off

Particularly as the world becomes smaller and discussions on work across countries are taking place daily, employees are becoming more and more aware of the amount of time off available in other countries and comparing their own working conditions.

Making time off mandatory for a set number of days a year (paid, of course!) shows employees that you care about their wellbeing and also ensures protection against any unscrupulous person at the management level.

It also means that they know their holiday time will be respected – they can rest in peace and enjoy time with family without being urged to keep their phone on or answer emails.

Pension and Retirement Plans

Employees are well aware that planning for the future is important and look for the pension schemes of any company they are considering joining.

Of course, a good pension scheme is only appealing if there is enough pay and support in the interim – you can’t expect an employee to put up with a low salary and no benefits (how would they pay rent?) on the expectation of a gold-plated pension.

However, investing in pension and retirement plans demonstrates to employees that you think of their careers in the long term. You believe they will be with you for a long time, and you want to make sure they are well looked after once they reach old age. This care can make all the difference to an employee’s desire to join or remain in a company.

SEE ALSO: Web3 Jobs: Exploring Opportunities In The Decentralized Web