Once an employee lands a job, there are various factors that drive employees to stick around long-term. Of course, salary plays a major role, but over the past several years, workplace benefits are beginning to play an equally important factor.
Finding and retaining top talent in today’s marketplace is tougher than ever. Competition is high and employees are looking for businesses that offer more. If you can set yourself apart in different areas, you can pull in the talent your company truly needs.
According to a study conducted by the office-supply company, Zoro, there are 5 benefits that many employees deeply desire, but don’t currently have.
1. Unlimited Paid Time Off
Most companies offer some amount of paid time off to workers, but very few offer unlimited vacation. If you want to set your business apart from the pack, it pays to consider letting employees take time off as they choose. The great thing about a limitless time off policy is that it encourages accountability — employees are responsible for making sure their work gets done, and that their time away doesn’t hurt their productivity.
2. Four-Day Workweeks
Today’s employee values flexibility greatly, and often times decisions on what job to take or even apply to are contingent on the schedule. Offering a 4-day work week is a great way to set your employment opportunity apart from the crowd. If the nature of your business allows it and you’re willing to give it a go, you might find that your workers are more productive knowing that they have less time at the office to get things done. Just as importantly, you’ll send the message that you respect the fact that your employees have lives outside the office.
3. Company-Paid Vision Insurance
It is rare to find a company that offers company-paid vision insurance. While most health insurance plans will cover eye diseases or injuries, they won’t pick up the tab for routine vision checks, glasses, or contacts. Once they have vision insurance, your employees will have one less expense to worry about.
4. Company-Paid Dental Insurance
If you don’t provide dental insurance, you could wind up leaving your employees on the hook for some pretty hefty bills. On average, the cost for regular dental cleaning is anywhere from $75 to $200 and the average cavity filling costs $90 to $250. By providing dental insurance, you’ll help your employees maintain good oral health and avoid absorbing the cost of dental care on their own.
5. Company-Paid Medical Insurance
You may be surprised to know, but many companies skimp on healthcare in different ways. If you want to attract and retain talent, aim to offer a comprehensive health plan and pay the premiums in full (or as much as possible!). It’s a good way to let your workers know that you have their well-being in mind.