Many people may try to get into a company based on the salary alone. But it’s more than salary alone that attracts or retains workers. Employees were only slightly more likely to stay with their current employer even when offered an annual salary increase.
This shows that sometimes, even a high-paying salary won’t be enough to retain and attract top talents. So what do workers want? Let’s take a look at the four most desirable employee benefits, according to recent surveys.
Health, Dental, and Vision Insurance
The number one benefit employees want is health, dental, and vision insurance. According to a survey, 88% of workers say this is the top consideration they have when looking and applying for a job.
Without appropriate coverage in place, employees are less likely to complete preventative care procedures because they could incur significant costs. With health benefits in place, employees are more likely to receive regular check-ups and take necessary precautions against serious diabetes or heart disease issues.
The same goes for the rising dental costs. Many employees can’t afford to get dental work done because of the high cost. With a dental plan, employees can get the care they need from a reliable family dentist without breaking the bank.
And finally, vision insurance is vital for those who wear glasses or contacts. By providing coverage for optical procedures, businesses ensure their employees can maintain good eye health.
More Vacation Times
Many employers think the more vacation days their employees have, the less productive their team becomes. This is since they think such perk translates to fewer working hours. But in reality, more vacation times can give your employees a boost in many areas of their working life.
A study shows that offering more vacation time can improve employee productivity and satisfaction. When employees feel overworked and stressed, their creativity and productivity take a hit. But when they can take a break and relax, they come back refreshed and ready to work harder than ever.
According to the study, employees who take all their vacation time are more productive than those who don’t take any vacation time at all. It’s no surprise then that many businesses are now offering unlimited vacation days as part of their employee benefits package. This way, employees can take the time they need to relax and come back recharged.
More Flexible Work Hours
The traditional 9-5 workday is no longer the norm. With the rise of technology, many employees can now work remotely or have more flexible hours.
According to a survey, up to 40% of workers deem more flexible work hours desirable. This is because flexible work hours provide a better work-life balance and allow employees to take care of personal errands and responsibilities without taking time off from work.
By offering more flexible work hours, businesses show that they value their employees’ time and understand that there’s more to life than just work.
Remote Work Options
With the pandemic still ongoing, many businesses have been forced to allow their employees to work remotely. But even before the pandemic, remote work was on the rise.
A study shows that by 2025, 70% of the workforce will be working remotely a few days per month. This is because more and more employees are craving flexibility and freedom when it comes to their work.
By offering remote work options, businesses can attract a wider talent pool. This is since this allows you to hire top talents regardless of their location. Another benefit is that remote work options enable you to improve employee satisfaction.
Remote work options also have emotional benefits. You are giving employees the freedom to work where they want, when they want, without sacrificing their work or family life. Many employees say remote work opportunities also allowed them to improve their productivity.
Employees feel less stressed and overworked when they’re able to take control over their own work schedule. They’re also able to avoid the stressors of the traditional office environment, like sitting in traffic or dealing with a difficult boss.
Another benefit is the ability to achieve a better sense of mental health and well-being. Thanks to the ability to work remotely, they have more control over their work schedule and can work in a more comfortable environment. They’re also able to take care of personal errands and responsibilities without having to take time off from work.
The modern workforce is looking for more than just a high salary. They want benefits that will improve their quality of life and make their working life easier. By offering health, dental, and vision insurance, more time, flexible work hours, and remote work options, businesses can show that they value their employees and want to help them succeed.