Building an Employee Benefits Package

Though a fair paycheck is an employee's main motivation, many businesses have found success in hiring and retaining a dedicated, talented staff by offering a comprehensive benefits package. Ultimately, employees wish to work at the place that offers the most, which may include factors such as pay, benefits, location, company ethics, dress code and more. How can you make your business more appealing to the best talent? Consider offering some of the following benefits to show your support for your employees' personal lives, as well as their professional careers.

Insurance Options

Offering employer-sponsored health, vision and dental insurance is a big perk that many employees look for in a job. These plans significantly reduce employees' out-of-pocket costs and proves your concern for their well-being. Additionally, give your employees the flexibility to visit doctors without forcing them to use paid time off in order to do so.

Paid Time Offs

Time away from the office — whether on vacation or not — goes a long way toward rejuvenating and refreshing individuals. Offering a generous amount of paid time off is well known to help relieve burnout. Many businesses offer a standard ten days of vacation, along with a handful of personal/sick days, during an employee's first year — a number which grows as employees accrue seniority. This also applies to maternity/paternity leave. While only required to hold a new parent's job for 12 weeks after the birth, offering paid leave (even if only a small portion of their salary) is an attractive benefit.

Retirement Plans

Resources are telling people to start saving for retirement early in life, which means that a 401(k) plan is very important to many employees. Offering a plan with employee matching is even more attractive and may motivate employees to stay with the company for longer to continue accruing this "free money."

Flexibility

People have busy lives and they enjoy working for employers who understand that their personal lives come first. There are days when things need to be taken care of at home and the ability to work remotely and/or on a flexible hour schedule makes it easier to balance all of the responsibilities. As long as employees complete their work in a timely manner, this flexibility can benefit both employee and employer.

We're here to help you help your staff. Call Dain Insurance Agency at (909) 396-6746 for more information on Los Angeles employee benefits.

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