I was reading a great article from Harvard Business Review concerning employee benefits. I thought you might find value in this article also.
In today’s hiring market, a generous benefits package is essential for attracting and retaining top talent. According to Glassdoor’s 2015 Employment Confidence Survey, about 60% of people report that benefits and perks are a major factor in considering whether to accept a job offer. The survey also found that 80% of employees would choose additional benefits over a pay raise.
Google is famous for its over-the-top perks, which include lunches made by a professional chef, biweekly chair massages, yoga classes, and haircuts. Twitter employees enjoy three catered meals per day, on-site acupuncture, and improv classes. SAS has a college scholarship program for the children of employees. And plenty of smaller companies have received attention for their unusual benefits, such as vacation expense reimbursement and free books.
But what should a business do if it can’t afford Google-sized benefits? You don’t need to break the bank to offer attractive extras. A new survey conducted by my team at Fractl found that, after health insurance, employees place the highest value on benefits that are relatively low-cost to employers, such as flexible hours, more paid vacation time, and work-from-home options. Furthermore, we found that certain benefits can win over some job seekers faced with higher-paying offers that come with fewer additional advantages. Click here to read the full article.
Are you a business owner? If so, I would love to have a conversation with you concerning your employee benefits package. My company, Cannon Risk Management Solutions (CRMS) is an employee benefits broker established in 2012. The company focuses on marketing group legal and identity theft plans through LegalShield, supplemental insurance through Aflac, and other group insurance benefits from.a variety of carriers. We can tailor the right employee benefit package for you!