Employers must find creative ways to entice top candidates. A competitive salary is one of the most important factors, but the savvy job candidate is also looking for an attractive benefits package. Employers must also be mindful of the benefits mandated by law.
Federal and state laws direct you to the items that must be included in your employee benefits package implementation, such as:
- Contributions to Social Security
- Workers’ Compensation Insurance
- Unemployment Insurance
- Medical Insurance – Most states require some type of medical insurance for full-time workers. To attract candidates, many employers add dental, vision and life insurance as well.
To attract the best workers, many employers add appealing items to the benefits package, such as paid time off and retirement plans. Employers can also show their commitment to increasing employee happiness with wellness incentive programs and tuition reimbursement options. Profit sharing is another appealing benefit that many employers have adopted.
Allowing employees to choose flexible work schedules, including remote working where possible, helps to reduce stress factors in the workplace. Implementing casual Fridays and organizing potlucks or other gatherings at the holidays don’t cost the company anything, but they can boost morale and encourage camaraderie between workers.
Offer your employees an attractive benefits package and they will remain loyal to your company.