What Company Benefits Are Important to US Employees?

What Company Benefits Are Important to US Employees?

Attracting and retaining employees is tough for many American businesses, and it’s not getting any easier, especially if you’re seeking to find the very best talent for your vacant roles. Benefits packages have always been a great way of incentivizing employees, and health insurance coverage is just one of many benefits that candidates look for when applying for jobs and deciding whether to remain with an employer, or move on and search for a better benefits package elsewhere.

However, if you’re an employer desperately trying to attract and retain new talent for your company, what else can you offer as incentive besides health insurance?

Below are 6 of the most popular benefits among US employees today: 1. A more flexible schedule Work-life-balance may have become a buzz phrase, but with good reason. With so many more employees seeking to strike a balance between their home life and their work life, flexible schedules are a great way of enabling them to do exactly that.

Cost-effective and simple, offering employees flexible working hours can attract candidates who want to fulfil the role, but whiles still being able to spend time with family and friends, and take better care of their health.

2. Remote working A hugely attractive benefit for many, being able to work from home (or from a variety of remote locations) often sees an increase in productivity, reduced turnover and lower overhead costs.

3.Unlimited PTO While this might seem incredibly generous, it’s what some companies are offering their employees in order to attract and retain the top talent. Flexible or unlimited PTO typically is appealing to the top performers because they’re self-sufficient and motivated enough to pursue their role without having someone watching over their shoulder, or dictating their time off. While of course unlimited PTO requires employers to trust their employees, it can be wonderfully effective in creating a work environment that encourages the very best at what they do, to excel in their roles.

4. Family leave In many households throughout the U.S. both parents or caregivers work full time in jobs outside of the home, making employer-paid sick leave an extremely attractive incentive. For many, family leave supersedes many other employee benefits.

5. Health insurance While this form of benefit is a traditional one, it’s still a powerful incentive for job candidates, and many employers are also beginning to offer group-term life insurance, too. A cheaper option than individual life insurance, this benefit is proving popular, and when coupled with health insurance or other benefits, it can be a compelling package of incentives.

6. Education and student loan assistance If you can offer your employees help with their student loan debts or give them education support as part of their benefits package, you could attract a better standard of candidate, and take advantage of some government tax breaks.

Whether you choose to add one or several of the above benefits to your employee packages, you could stand out from other employers and make your business a far more attractive prospect for the very best candidates.

To find out more about employee benefits such as health insurance, reach out to a professional payroll company who can help you decide the most cost-effective option for your requirements.

Apollo Payroll is one of the premier small business payroll companies in Miami Beach and Coral Gables. Apollo Payroll is dedicated to delivering expert advice, responsive service, and highly accurate payroll processing and reporting to ensure the success and growth of the business that we serve. Our services include comprehensive payroll service in Miami and other cities in Miami-Dade County, employee background check and group health insurance in Coral Gables & Miami.