Remaining competitive in the acquisition of employees who will propel your business forward is an ongoing pursuit. And when you find the people you need, your company must be the better place to work than your competitors. A leading employee consideration and deciding factor is the quality of your employee benefits portfolio. Benefits packages designed to align with the needs of your workforce will attract new talent, boost productivity, improve employee retention and deliver ROI. Here are a few creative ideas to consider that can establish the “wow factor” for your quest of talent.
Talent Attraction and Retention
It is no secret that employees want lots of choices. Beyond the traditional health, dental and vision plans, consider financial planning services, employer-sponsored savings and retirement plans, access to low interest loans, banking and refinancing services. Consider boosting the holiday schedule and flexible work hours. Offer unique benefits like pet insurance, discounted cell phone service, and gym memberships.
There are so many perks to consider that can make a real difference to the people you count on to grow the business. Employees will appreciate that their daily life matters to the company, and that the issues getting in their way are recognized by you. Employers that care enough to offer support and potential solutions will see significant improvement with employee productivity and loyalty.
Healthy, Productive Employees
When your benefits package includes a combination of traditional health benefits, along with non-traditional perks previously mentioned, you will have employees who are more likely to take a proactive role in managing to their personal best.
Ask your team what would be most helpful and interesting to them for support in achieving their personal best goals. Then, establish a monthly program on the items identified by your team. Consider incentives like a free medical exam or a reward for getting the exam through your health insurance plan. Host a healthy eating class and choose different office snacks and beverages to match. Think about giving back to the community and participate as a team with the charitable causes that are meaningful to your group.
Consider an Employee Assistance Program, often included within various insurance plans. Absenteeism due to chronic illness, low energy or depression negatively impacts productivity.
Satisfaction
A comprehensive benefits strategy as described may sound like a lot of work. But with the right partner by your side, leadership commitment and workforce buy-in, everyone will soon realize the rewards. Ultimately, employee satisfaction, positive morale and delivering on company goals become the standard. And when that is achieved, the ROI is significant. And instead of you seeking talent, the talent will be knocking on your door.
PTC Corporate Coverage group offers innovative, customized and exclusive member-only employee benefits solutions. We design the employee benefits package that achieves your objectives. Whether your company is looking to start a new benefits program or to improve your existing portfolio, our team is ready to get to work for you. Call us at 855-717-2864. We look forward to meeting you.