Did you know that because of COVID-19, 59% of employees say their employers are proving them with benefits to support their well-being? Taking care of your employees at any time is an important part of your business. If you don’t already provide employee benefits, you are missing out on potential new hires.
Read on to learn about five employee benefit examples that help attract new professionals.
1. Health Insurance
One of the most common employee benefit examples is health insurance. Small businesses and corporations can decide on their choice of the health provider and the details of the policy. As a company, you will decide on the amount of coverage as well.
For employees who have health insurance already, work with them to negotiate a plan. To attract new professionals you may want to consider allowing them to keep their current plan if they want. Generally, health insurance will cover prescriptions, doctor visits, and emergency room trips.
2. Dental Insurance
Another one of the popular employee benefit examples includes dental insurance. Many small businesses and corporations offer this to attract new employees and help their current ones.
Some of the things dental insurance includes are filling, teeth cleanings, and sometimes surgeries. This is one of the beneficial perks to have as a company because it is an affordable option.
If you decide not to include dental insurance in your employee package, find a way to bring employees in another way. For example, you can offer a reduced rate from an insurance provider.
3. Tuition Reimbursement
If you want to attract new professionals right out of college, offering tuition reimbursements is the way to go. Tuition reimbursement can act as a student loan repayment plan.
Because this benefit is so rare, you will have a leg up on the competitors. A potential employee may choose your company based on this benefit.
As an employer, you can decide how you want to pay off the debt. For example, you can pay loan payments each month or a set sum for the year.
4. PTO/Paid Holidays
Who doesn’t want to be off for the holidays? A common employee benefit includes paid-time-off, otherwise known as PTO. This means an employee will be paid their usual salary when they take time away.
Businesses can do this by allowing employees to earn their time off. For example, employees may earn PTO for every week or day that they work
Employers can also decide on holiday PTO. This is when a nationally recognized holiday serves as PTO for the whole staff.
5. Remote Work
A lot of companies are now implementing remote days into the week. Because of developing technology, more employees can do their job from home.
This can attract new employees because it offers a more flexible schedule. Employers and employees can benefit from getting away from a hectic work environment every so often.
Employee Benefit Examples You Should Implement
Any employee contract should include benefits to keep your employees happy and get new hires coming in. If you want to provide employee satisfaction, benefits are the way to go. Implementing these employee benefit examples will attract the right professionals to your company.
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