Employee benefits are a great tool to keep employees engaged, boost morale, and attract new employees. When deciding what you want to include in your benefits package, it is a good idea to consider which employee benefits are most sought after by workers.
What are employee benefits?
Employee benefits are any form of compensation or perks that are provided to your employees in addition to their base pay. Employee benefits typically include health insurance, life insurance, retirement plans, and paid time off. However, there are a lot of other benefits you can choose from.
Here are some of the best employee benefits:
Health Insurance
Health insurance covers the high cost of medical care. Health insurance is a great way to ensure the wellness of your employees. Health insurance can cover preventative care such as screenings and check-ups. These exams can catch health problems before they start or get worse. When employees get the care they need, they are more productive and take fewer days off.
Life Insurance
In addition to health insurance, life insurance is another way to make your employee benefits package competitive. Life insurance provides protection and security to your employee’s family in the case of their death. This offers peace of mind to your employees that their families will be protected if the time comes.
Retirement Plans
In a retirement plan, you, or your employee (or both) will contribute towards their retirement account such as a 401K plan. In a 401K, employees can choose to defer a portion of their salary to contribute to their 401K plan. Employers may match these contributions. Offering a retirement plan can make the employee feel financially supported over the long term.
Wellness Programs
Wellness programs can help keep your employees happy and healthy. Wellness programs typically include gym memberships, educational seminars, standing desks, exercise classes and more. Wellness programs can prevent burnout and improve absenteeism.
Mental Health Assistance
Mental health assistance is becoming an increasingly sought after employee benefit. 81% of individuals said that they will be looking for workplaces that support mental health when looking for future jobs. Mental health assistance can include counseling services, stress management classes and more.
Let’s Talk
Deciding which employee benefits to choose from can be a big decision. Contact one of our experienced Avery Hall agents today in Salisbury at 410-742-5111, in Selbyville at 302-316-6565 or in Easton at 410-822-7300 for a free consultation.