Why offer good employee benefits?

As an employer in today’s competitive labor market, you know what it’s like when you have work to be done, positions to fill and extreme competition for quality employees.

And it’s frustrating when there’s also competition to keep good employees.

That’s when the value of the employee benefits you offer can make the difference between a highly qualified job applicant choosing to join your company or another employer.

“The benefits included in a company’s compensation package can be significant factors when searching for a job,” noted indeed.com.

“Understanding the importance of benefits packages can help managers provide more comprehensive packages to find and keep talented employees.”

Importance of health insurance

Health insurance is an especially important benefit when it comes to hiring and keeping qualified staff.

“Providing employees with good health care can help ensure they report to work,” according to a report on adp.com. “If employees can see a doctor before a problem becomes serious, they won’t lose as much time at work, which can help make your business more stable and profitable.”

Competition for new employees is at a level even some experienced human resources professionals have not seen in their careers.

The number of job openings in the U.S. is the highest in history. The Labor Department reported that openings topped 10 million for the first time ever in June 2021.

In a time like this, when employers are aggressively competing for the same potential employees, your organization offering high-quality, competitive benefits will be an advantage when it comes to attracting and retaining the right people.