Looking to hire new talent? A competitive benefits package will help you attract qualified candidates.
According to a study by Fractl, 88% of respondents would give “some consideration” or “heavy consideration” to a lower-paying job that offered better health, dental, and vision insurance.
Here’s what you need to know about the types of benefits employees want the most.
Life is unpredictable. But health insurance helps give your employees peace of mind that they’ll be able to afford medical care when they need it most. It also empowers them to take advantage of preventive care, such as annual physicals and vaccinations. This will help them take care of their bodies and overall wellbeing in the long run.
Like health insurance, dental insurance typically covers the full cost of preventive care. This includes services like teeth cleanings, oral examinations, and X-rays. Dental insurance will also cover a percentage of cosmetic and restorative treatments after you meet the deductible.
Vision insurance is not only for those who wear contacts and glasses. According to WebMD, adults younger than age 40 should receive routine eye exams every two years or as recommended by their doctors. Adults age 40 and older should get eye exams every two to four years.
Many Americans wear eyeglasses or contacts so they can read, drive, and perform other daily tasks. Vision insurance is a nice perk to offer your employees so they can take care of their eye health for years to come.
Flexible hours make it easier for employees to leave early to pick up their children from daycare. It also allows them to schedule doctor visits, home repairs, or other appointments without missing time from work.
In general, flexible hours help your employees maintain a healthy work-life balance so they can feel more refreshed on the job. This can help reduce turnover in the long run because your employees can balance their personal home life with their career goals. The result is happy employees who are motivated to stay at your company.
While flexible hours have their benefits, it may be helpful to have a few rules about scheduling so your company can continue to work effectively and efficiently.
For example, you may want all your employees to work certain “core hours” that overlap with other team members. That way, you’re able to maintain strong communication throughout your company.
In many ways, the pandemic has normalized working from home. Whether this will permanently change the landscape of the workplace is yet to be seen. But we wouldn’t be surprised if more companies continue to offer work-from-home options long after the pandemic.
The ability to work from home is also something that could persuade a job seeker to apply for a position at your company.
As a group benefits insurance brokerage firm, we’re proud to help small to mid-sized businesses thrive. To request a quote for group employee benefits, call Michigan Planners at (800) 674-9235. Our advocates would be more than happy to assist you with your insurance needs.