Everybody working for your business is a part of your team, which makes inclusion critical to its success. Businesses that prioritize inclusion benefit from increased employee satisfaction, higher eng...
Boost your Benefits! 5 Benefits to Add to Your Employee Benefits
Today’s job market is inundated with job offers and postings, meaning top-tier candidates have their pick of the litter. Attracting and retaining quality employees requires more than just a competitive salary. As a matter of fact, Forbes reported that one in every ten employees would take a pay cut for better benefits.
Companies are increasingly focusing on their benefits offerings to enhance employee satisfaction, productivity, and loyalty. If you’re looking to stand out as an employer of choice, you should consider adding these five benefits to your offerings.
Quality, Affordable Health Insurance Plans
This one may seem obvious, as it is clearly one of the most important benefits employees are searching for in a job. The well-being of your employees and their families can be a major factor for individuals when deciding to start or continue their careers with a company. Everybody wants to know that when they have health needs, they will be covered.
Unfortunately, it can be difficult for smaller businesses to offer more affordable healthcare coverage. This is why it could be incredibly beneficial for your company to work with a benefits partner, like SWBC Employee Benefits Consulting Group, that possesses a large pool of clients and the expertise to negotiate great deals on health plans, allowing you to utilize their plan and offer more affordable health coverage.
Mental Health Support
Employee health goes beyond the physical aspects. An employee’s mental health is just as important as their physical wellbeing to their overall wellness. Offering critical mental health resources such as counseling services, mental health days, and wellness programs can help:
• reduce stress
• prevent burnout
• foster a supportive work environment
• improve overall quality of life
Providing employees with the tools they need to maintain good mental health benefits your business, too — ultimately boosting productivity and your team’s overall morale.
Flexible Work Arrangements
The traditional 9-to-5, Monday through Friday schedule can make a healthy work-life balance difficult for many. Employees have grown to value flexible schedules — such as remote and hybrid work. Offering flexible work arrangements could improve work-life balance, ultimately increasing your employees’ job satisfaction and attracting top-tier talent.
Professional Development Opportunities
Investing in your employees’ growth is not only beneficial for them, but also boosts the quality of your company’s offerings. Offer benefits intended to help your employees grow, like:
• tuition reimbursement
• access to online learning platforms
• funding for certification
• membership to clubs related to their jobs
This can help employees advance their careers while simultaneously boosting the value within your company.
Financial Wellness Programs
Employees who feel financially secure with your company are more likely to remain loyal. By offering financial wellness programs, like retirement savings matching, debt management assistance, or financial planning workshops, you help employees take control of their financial future, ultimately reducing stress and improving their overall quality of life.
Are You Ready to Boost Your Benefits Package?
By offering these five employee benefits, you can create a more engaged, loyal, and productive workforce while strengthening your company’s reputation as a great place to work. This makes it easier to attract top-tier talent in a competitive job market and ultimately boosts your company’s offerings in the marketplace.
The SWBC Employee Benefits Consulting Group is here to help you boost your benefits offerings. With a team of experts, our employee benefits consultants design, implement, and manage quality benefit programs that fit your business needs. Contact us today to build a benefits package your employees will be raving about.
Andrew Grove
Andrew Grove is CEO of SWBC’s Employee Benefits Consulting Group, where he has been a key leader since joining the company in 2013. With over 30 years of industry experience, Andrew has established himself as a seasoned expert in delivering tailored solutions to employers of all sizes. His professional journey includes 20 years as an executive at Humana, where he honed his skills in strategic planning, client relations, and benefits consulting. Andrew’s deep understanding of the industry and his commitment to excellence have made him a trusted advisor to many. Andrew attended The University of Texas at San Antonio, is a Health Insurance Associate (HIA) Designee, a Managed Healthcare Professional (MHP) designee, Life Underwriters Training Council (LUTC) graduate and has received numerous awards for outstanding sales achievement. He currently serves on the Producer Advisory Board for United Concordia Dental and the National Broker Advisory Board for UnitedHealthcare.
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