A company’s ability to attract and retain top talent can make or break its business. In order to remain an employer of choice, you need to offer employee benefits that will let your company stand out from the rest. But with so many options available, how do you know which ones will be the most effective in attracting new hires? From health insurance to paid time off, the benefits covered in this article will let you up your talent attraction – and retention – game.
Why are employee benefits so important?
Employee benefits are often one of the most important factors when people consider changing their job. Health insurance, retirement savings plans, and paid vacation days are just a few of the many benefits that can draw the interest of potential new hires. Going the extra mile in offering a range of useful benefits can help companies attract and retain top workforce talent. In addition to traditional benefits like health insurance and retirement savings plans, it may be a good idea to consider offering other perks like flexible working hours, telecommuting options, or tuition reimbursement. An extensive, well-thought-out package of benefits shows your current and potential employees that you care about their well-being and are committed to investing in their future.
Mandatory employee benefits in UK
The United Kingdom has a number of mandatory employee benefits that employers must provide to their people. These benefits include workplace pension, holiday pay, paid sick days, and maternity and paternity entitlements. In addition to these, there’s also health insurance, health care, bonuses, or extra holiday days. It is also obligatory to specify the employee’s responsibilities, hours of work, pay rate, and holiday entitlement in the contract. Employees in the UK are also protected by a number of laws, including the Equality Act 2010, which prohibits discrimination in the workplace.
‘Free’ benefits and perks for your business
In order to attract new hires, there’s a number of benefits and perks your company might want to offer – and some of them may be free. These can include e.g. a gym membership, an on-site child care service, flexible working hours, or telecommuting options. By putting together such a package – i.e. a selection of benefits that help people better balance their work and personal lives, you have much greater chances of top talent knocking at your door and wanting to stay with you in the long run.
Best employee benefits
There are a lot of different factors that can make jobseekers consider your company, and one of them is definitely the employee benefits package that you offer. A great package can help you attract and retain the best employees, so providing such benefits as health insurance, a retirement savings plan, paid time off, flexible working options, private health care is no longer a question today – it’s a must.
Other ways to improve employees’ satisfaction
Looking beyond the different types of benefits you can offer to your employees, there are many other ways to improve the levels of job satisfaction in your organisation. Examples include an efficient onboarding system, amenities such as free coffee and snacks, etc. Creating a positive, stimulating work environment is equally important – and this depends not only on the organisational culture, but also on the physical environment your employees will get to work in. And to address the different needs of different people, it may be a good idea to go for the right furniture to make your office as user-friendly as possible. And there’s plenty of solutions to choose from. Acoustic pods, partitions, ergonomic chairs, soft seating for offices, and many more. But if you’re not sure what to go for, the best way is simply to ask your employees for feedback – this way, they will know that you’re an employer who listens and who takes their expectations into account. Also, do not forget to show your appreciation of their hard work, whether in the form of awards, words of praise or otherwise.
