What Types of Employee Benefits Should Your Business Offer?

Today’s job market is a competitive one, and not just for potential employees. Employers have to make themselves stand out from the crowd in order to attract the best and brightest in the field. At a job interview, the employee is just as interested in what the employer has to offer as the employer is in the interviewee’s skills.

Employee Benefit Options

In order to put your business at the top of the list as one of the best companies to work for, consider how your employee benefits can be marketed to potential candidates. Decide what type of employee benefits you want to offer, and which ones are most attractive in today’s business world.

Fringe Benefits

Potential employees no longer look at just a salary that the company offers. They want to know what type of benefits are associated with the job. Your company should provide access to insurance coverage. In some cases, this is required by law, so it is important that you know what your state’s regulations are on this matter. Health insurance with dental and vision coverage is a huge attractor for many employees. Paying completely out-of-pocket for these services can be very expensive, and some employees may not be willing to accept a job where these benefits are not offered.

You can also sponsor disability and retirement services. The more fringe benefits that come with the offer, the more likely the best candidates are to accept it. You can even offer personalized insurance plans so that each employee gets exactly what they need; this shows that your company truly cares about its workers.

Perks at Work

When selling your company to an interviewee, be sure that you emphasize all the perks for employees that come with the job. For example, if you are a dental office, perhaps you can offer free dental services for your employees up to a certain dollar amount per year. If you are a car manufacturing plant, perhaps you can offer a discount on that make of vehicle for employees.

Paid time off should always be discussed with potential employees; a solid PTO package is sure to set you apart from the rest. An employee must feel that there is some advantage for working for your company besides monetary compensation, and an attractive “perks package” can make working for your company seem worthwhile. In some cases, employees may be willing to take a lower-salary position if it offers the right employee benefits and perks.

About Arroyo Insurance Services

Arroyo Insurance Services was officially established in 1986, but we have roots dating back to before 1950. One of California’s leading client-oriented and independently owned agencies, we have over 140 employees with a combined experience of over 450 years, spread across 11 locations. We are committed to providing the best insurance and risk management services at the most competitive premiums, and backing it with hands-on service tailored to our customers’ needs. For more information on how we can mitigate your risks, contact us today at (877) 220-4769.