One of the most important factors for keeping your company flourishing is employee satisfaction. While compensation plays a substantial role in employee satisfaction levels, it is just one piece of the puzzle. You can also keep your employees happy by offering competitive benefits packages and on-the-job perks.
If you have built a satisfying culture for your employees, then you can use that culture to set yourself apart from other businesses. Shrewd candidates know that having access to perks and benefits is critical to producing excellent work in the long term. Using benefits to attract candidates to your company is a smart way to obtain — and, more importantly, retain — high-quality employees.
People do not want to feel like they have to throw their money away just to stay healthy. One of the most obvious and effective methods of using benefits to attract candidates is offering competitive health care benefits. Rather than being put off by the expense of purchasing a superior health plan, think of it as investment that will not only give your employees greater peace of mind, but will also make them more physically capable of producing good work.
The pressure to save for retirement is on everyone, even 22-year-old college grads. If you can afford it, let prospective employees know that you recognize this pressure by offering generous 401k packages. High-quality candidates often have multiple job offers to choose from. If you can offer them the prospect of financial security not only in the short term but also in their retirement years, they are more likely to pick you.