In today's business environment when competition for employees is very tough, you need every tool possible to attract candidates. And while most employers believe that high salaries are the answer, in reality, employee benefits have become a huge factor in the selection of a job, especially among millennials.
According to a 2020 survey of 500 HR decision makers and 1,165 employees, 29 percent of employers think benefits are as important as salary in helping to recruit and retain employees, while 32 percent of employees say that benefits are as important as salary.
Undoubtedly, the pandemic years have had a tremendous affect on employment attitudes regarding benefits, along with health concerns. While flexible work hours and remote work are benefits that seem the most discussed, employees are still more concerned about the traditional "core" benefits. According to HR software company Zenefits, their recent survey showed the most popular employee benefits are...
#1 Health Insurance
#2 Paid time off/vacation days
#3 Vision/dental insurance
#4 401(k) retirement plans
#5 Life insurance
#6 Short and long-term disability
J.P. Perry Insurance can help your business offer the types of "core" benefits candidates are looking for. Comprehensive employee benefits that J.P. Perry offers the business community include health insurance, disability insurance, long-term care insurance, 401(k) and retirement plans, dental insurance, life insurance, fixed annuities and mutual funds.
If you're not using benefits to attract talent to your small business, then you are missing out. Oftentimes small business cannot afford a large starting salary, but as surveys indicate, you can attract them with affordable benefits. For help in developing or enhancing an employee benefit plan for your business, contact a J.P. Perry agent.