Having trouble attracting great talent to your small company? Chances are, you’re not looking at employee benefits for small business the right way.
When a successful fisherman selects a lure he considers what the fish craves. When you consider your benefits package don’t make your selections based solely on what works best for your company. Rather, ask yourself: what does top talent in my field want?
High wages aren’t the only thing employees care about. As a small business, you may not be able to pay employees what larger companies can. However, as a small business, you have the ability to offer unique, flexible benefits that cater to your employees needs.
Employees, like all humans, feel valued when their needs are taken care of and prioritized. They want jobs that can give them what they crave: a great quality of life and peace of mind.
Here’s a look at 5 critical employee benefits for small business:
1. Improved and Extended Health Insurance
Employees care about health benefits. Everyone wants to have access to quality medical care when they need it. Health insurance is one of the most expensive benefits shouldered by a company. But, offering it is an essential part of taking care of employees.
Extending health insurance to family members is a great benefit. Spending more time at work means employees spend less time with loved ones. But, including immediate family members in their health coverage helps keep employees’ minds at ease. BONUS – peaceful minds = focused employees.
2. Work-From-Home Options
This is an enticing perk that few companies offer. Allowing your employees to work from home, saves them commute time and shows trust. There are some employees that find it exciting to go to work every day, but others may find it exhausting. Giving them the freedom to work from home may also increase introverted employee’s productivity.
3. Flexible Hours
Flexible hours can be game-changer in acquiring new talent. Employees have differing needs. Allowing them to work flexible hours provides an opportunity for them to work during their most productive time of the day. Trust your employees to be responsible and work with integrity.
4. Unlimited Time-Off
You’d think this means less productivity, but the opposite is true. Not only that, this is a win-win solution for both employers and employees. Why? Employees enjoy their unlimited days-off, and employers no longer have the cost of unused time off.
However, employees should use their time-off without jeopardizing their company responsibilities. Top talent invests in the companies they work for and cares about the projects they are assigned to. Hence, an unlimited time-off benefit can help you get the top talent you need without causing an operational problem.
5. Access to Educational Assistance
Many employees are parents who are invested in their children’s education. Employees will appreciate monetary help from the company. Though education assistance may sound costly, employers can take advantage of a tax break. Making this a helpful option for companies offering an education assistance benefit as a perk.
Employees enjoy personal benefits. They make the employee feel valued and cared for. Hence, if you want to get the right people, try incorporating these employee benefits for small business into your benefits package.
Beni.fit helps businesses craft quality, comprehensive benefits packages that take care of employees. We can help you figure out what benefits will align with your company’s culture, values and priorities. Contact us today!