When it comes to attracting and retaining employees, one of the things you have to take into consideration is the benefits package you intend to offer. Don’t make the mistake of thinking that you can still attract the caliber of employee you want for your business without it. Even a basic benefits package can encourage job seekers to give your business more consideration. So what should you be offering?

PTO

Offering paid leave to employees is an especially poignant topic these days. If you want your employees to always give their best while they’re at work, they need to take breaks from it on occasion, ideally without having to worry about losing precious income. Whether it’s for a vacation or to cover sick time, offering PTO of some sort and encouraging your employees to use it can go a long way towards showing them that you care about them.

Health Insurance

It’s no secret that health insurance is expensive. That’s why a lot of people look for jobs that subsidize it or pay for it altogether. Providing health insurance is sometimes more than just a gesture of good will though. Sometimes it’s got more of a legal push behind it. If you run a large company, you could be fined for not providing employees with health insurance. If that applies to you, offering health insurance won’t just help you look like a better company to work for. It will also help you stay in compliance and avoid fines.

Retirement Benefits

Looking toward the future can be tough, but it’s necessary, especially when it comes to making arrangements to fund a retirement. Show your employees you care about them today and tomorrow by offering them retirement benefits. How you choose to do this is up to you. You can offer to match employee contributions or just arrange to make retirement savings accounts available to your employees. Both have their own pros and cons, so weigh them carefully before making your decision. The same goes for the types of retirement plans you choose to offer.

In today’s job market, businesses have to prove to job seekers that they’re worth working for. 

You can’t just offer a basic hourly rate and expect to be seen as competitive. If you want to attract and retain quality employees, you’ll need to offer a competitive rate of pay and put together at least the basics of a benefits package. Show them that you’re a business worth working for.

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