Having competitive and comprehensive employee benefits packages can help create an attractive company that retains talented employees. Most of the time, the pay between two jobs can be the same. In such cases, the employees will look at the benefits packages offered to see which one best suits their needs. Learn about benefits packages and what they should include to set you apart from competitors and attract more employees.
Retirement Plans
Employees will feel comfortable working for an employee with their retirement plans. The most common type of retirement plan most companies include in their employee benefits package in Denver CO, is a 401 (k) plan. It allows the employees to participate and decide how much they want to contribute.
Insurance
Insurance is one of the most common foundational benefits used in employee benefits services. Insurance can come in different forms;
- Dental Insurance
- Life insurance
- Vision insurance
- Flexible spending accounts
- Health insurance
- Short-term disability insurance, and
- Long-term disability insurance.
Paid Time Off
Employees needs to take breaks from work at some point to allow them to relax and adjust. Paid time off is an important comprehensive benefits package you can offer your employees. Employees can get different types of leave: vacation, sick leave, or maternity/paternity leave. Some of these leaves have restrictions on how the employee can access them. Because there are numerous leave packages in Denver, CO, most companies are trying to switch to a general paid time off employee benefits package. This option allows the employees to use this for any reason. Moreover, it’s easier to track because now you don’t have to deal with several different leave categories, and it’s also flexible.
Creative Perks
To make your company unique and attract more potential talent, you must add unique perks to your employee benefits services. These could be anything you can offer your employees to make them happy and more productive. Some common ones include;
- Company cell phones
- A company nap room
- Child-friendly office
- Commuter benefits
- Healthy snacks in the breakroom
- Free gym membership and more
Additional Compensation
This employee benefit covers any money you can offer your employees that are not part of their normal wages. It often comes as an incentive program to improve performance and productivity. They could be sales commissions, gifts for exceptional achievements, annual bonuses, or awards for individual performance.
There are several benefits that employers can decide to include in their employee benefits packages. These seem to be the most common and are mostly preferred by employees. However, you can decide to be creative with your company’s benefits packages; for instance, if your company loves volunteerism, you can have a package of paid time to volunteer. This will help boost your employee’s productivity.
