In the modern business world, many employers have faced intense competition as they seek to add or keep top talent. Any number of decisions could influence a company’s ability to differentiate itself from other employment opportunities. With this in mind, employee benefits emerge as a potentially invaluable topic for employers to understand and optimize.
What Employee Benefits Are Best for Attraction and Retention? 
The first thing employers should understand about employee benefits is that ideal offerings and incentives are unique to their workplace and workforce. Every company’s employees have different preferences and values regarding employee benefits. As such, HR departments and other decision-makers should strongly consider surveying staff directly to determine what employee benefits possibilities may garner the greatest return on investment.
Still, while the exact optimal makeup of an employee benefits package may vary, several staples are valued in most situations, such as the following:
- Group health insurance may help employees retain coverage for themselves and their families at lower costs than they might otherwise find on the open market.
- Dental and vision insurance are both typically separate from standard health insurance, but offering them to employees may also help them maintain their wellness.
- Life insurance may help employees enjoy peace of mind by knowing that their families can be provided for should tragedy strike.
- Retirement programs, such as 401(k) plans, may assist employees in pursuing financial goals while also potentially making them feel valued.
- Education and training opportunities may allow workers to advance their careers and learn new skills, often even resulting in future leadership opportunities at the company.
- Flexible working arrangements, such as remote and hybrid environments or customizable hours, can help employees maintain productivity and a healthy work-life balance.
We’re Here to Help
Attracting top candidates and retaining valuable talent are integral to advancing a business’s growth and mission. Contact Wimmer Insurance today to learn more about employee benefits and how they can help secure a company’s future.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.