How To Build An Employee Benefits Plan That Will Keep Your Employees Engaged And Help Your Company Retain Top Talent
You are in a constant battle for your employees every day. Notice the sentence said 'for' and not 'with' your employees. Your employees are valuable, you hired them after all, and your competition will see their value precisely as you did. They would love to have your best people on their payroll.
One of the key steps to retaining your best employees is to offer a benefits package that is relevant and valuable. To keep your employees engaged, consider forming a benefits committee so they can have input on what they value in their benefits package.
If you don't believe employee benefits are a concern, consider the following facts. A Harris Poll showed 57% of job seekers considered benefits packages as a top consideration for choosing a job.
Similarly, according to a to study conducted by the Employee Benefits Research Institute (EBRI), one-third of employees are only "somewhat satisfied" with their current benefits package. Employees continue to monitor and rate their benefits after being hired.
The key to employee benefits is going to the people who will use them the most
How do you create an attractive benefits package?
Here are the first steps you should take to create a stellar benefits package that will make your company stand out in your field.
Listen To What They Have To Say
Listen to their recommendations, answer their questions directly, and you will build a strong bridge of trust with them. When you make the final decision of what benefits to choose, you should address them first, and explain your choices.
What if you have a small company or are just starting your business? Then check to see what benefits your competition offers their employees. This isn't too difficult with search engines and your professional contacts in the industry.
Try and build an initial employee benefits package that is better than your competition.
Culture Insurance works with a wide variety of companies to set up meaningful employee benefits packages. We understand that a benefits package is critical to building a productive company culture and nurturing loyal employees. We invite you to contact us with any questions about your employee benefits package.
We can help you leverage your benefits package to create an efficient and inclusive company culture.