Company Perks from Employee Benefits Packages

Can supplying your employees with benefits boost your organization’s customer service or employee engagement? Yes – that is absolutely possible. According to a article by Luke Vadermillen, it can even create top-talent retention! The possibility of loosing your best employee is daunting and can effect your business’s short- and long-term success.

This article supplies examples of the cost of employee turnover. To access these examples, click here.  The average turnover rate of “The Principal 10 Best Companies for Employee Financial Security” is significantly lower than the national average. Why? Because of employee benefits. These successful, emerging businesses use strategic employee benefits strategies to retain their top talent, and to keep a handle on turnover costs.

The benefits of employee benefits don’t end at keeping employees on the payroll. Year after year, our chosen companies tell us that employee benefits also help them boos productivity, improve customer service, and increase employee engagement.

Don’t be fooled into thinking that small businesses cannot offer worthy benefits. One small company that defied this idea, American Immigration Lawyers Association (a non-profit), offered an employee benefits package that included 100 percent employer-paid health insurance premiums, a 401(k) plan, and a profit-sharing plan.

A key to creating the most efficient employee benefits plan is to tailor it to the unique needs and tastes of your employees. To figure out what would be the most useful employee benefits for your workers, utilize surveys, group meetings, and personal conversations. Not every employee will desire the same benefits package. Take a look at how different life stages will warrant different benefits needs. Younger employees may be looking for tuition reimbursement whereas older employees could be looking for different perks.  For more insight on ways to step-up your employee benefits package, read the full article here.

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