Attract Employees With A Competitive Employee Benefits Package

Employers tailor these packages to attract and retain talent, recognizing that diverse employee needs and job requirements necessitate flexibility in benefit offerings. These packages often feature a spectrum of perks, including various insurance programs, retirement plans, and provisions for paid time off due to illness or vacation. The employer's discretion in crafting these packages allows for a customized approach, taking into account individual employee preferences and job roles. Additionally, it's essential to note that certain benefits within the package may have tax implications, highlighting the importance of seeking guidance from professionals such as accountants to navigate the complexities of tax considerations. As organizations strive to create enticing work environments, the design and implementation of a comprehensive employee benefits package contribute significantly to fostering a satisfied and motivated workforce.

What Are Included in Competitive Benefits Plans?

A competitive benefits plan is one that offers a plethora of different advantages to employees, including but not limited to desirable ones like:

• Quality healthcare.
• Vision Insurance
• Dental Insurance
• Flexible Spending Accounts
• Opportunities for both retirement savings and general planning.
• Paid time off.
• More flexible working schedules, including the possibility of remote work.
• Opportunities for professional development.
• Disability Insurance
• Life Insurance

Why Offer Competitive Salary and Benefits Packages

Many industries had already been dealing with skills gaps and labor shortages for years - something that was only exacerbated by the COVID-19 pandemic. These days, more and more people are looking towards benefits when deciding where to work - even more so than salary in a lot of places. Because of that, offering not only competitive salaries but also a robust benefits package is the best way to make sure you have access to the talent you need for your business to thrive.

Additional Employee Benefits

Of course, you need to do more than just meet the bare minimum to attract top tier candidates for your organization. That's why additional employee benefits that you would want to consider include but are not limited to things like:

• Flexible working benefits, like the ability to come into a workplace for only part of the week, or giving people the ability to work from home.
• Access to educational opportunities and other resources that can assist in career development.
• Paid parental leave, including both maternity and paternity leave for those who qualify.
• Child care assistance
• Wellness Benefits
• Relocation Benefits

Legally Mandated Employee Benefits

Georgia employers must offer these benefits to their employees:

• COBRA
• Workers' Compensation
• Family and Medical Leave Act (FMLA)
• Minimum Wage
• Overtime
• Unemployment Benefits

Benefits Based on Generational Preferences

When it comes time to put together a competitive employee benefits package, understand that every generation will have a different list of priorities. Those born between 1946 and 1964 - otherwise known as the Baby Boomers - tend to value salary above all else. Those born between 1965 and 1980 - known as Generation X - tend to look for things like career advancement opportunities, job security, and an employer who understands the importance of a work/life balance.

Addressing all of these needs is essential to attracting the widest array of candidates for available positions, which is why working with an experienced team like the one at BIS Benefits is always recommended.

A Benefits Broker Who Supports Your Company

At BIS Benefits, we're proud to act as that employee benefits partner for many organizations and are honored for the opportunity to do the same for you, too. All these benefits listed above are an important part of your employee's lives, and we want to treat them with the attention they deserve. We'll leave no stone unturned when it comes to meeting your needs and exceeding your expectations every time we have the opportunity to do so.

If you'd like to find out more information about how to attract employees with a competitive employee benefits package, or if you have any additional questions that you'd like to go into more detail about in a personal setting, please contact BIS Benefits today.