Know which benefits your employees expect the most.

Know Which Company Benefits Employees Expect the Most

Posted September 12, 2016 by Justworks in Benefits and Perks
Does your company offer a competitive benefits package? We illuminate which company benefits help clinch a job offer for future employees.

Four out of five employees want benefits more than a pay raise, which means crafting a high quality benefits package is a smart way to recruit top talent and keep high-performing employees around.

Along with a basic overview of the most important benefits, we’ve rounded up our most helpful articles about HR benefits employees expect so you can implement them within your company.

Still confused about the difference between a benefit and a perk? You can learn the real difference here.

The Benefits Package Employees Want

According to research conducted by Glassdoor, these are the top five benefits and perks that matter most to people:

1. Healthcare Insurance

The number one benefit employees want is a full healthcare insurance package, including medical, dental, and vision. However, picking and choosing what benefits package you want to give your employees isn’t always a simple process.

Various federal, state, and local laws require employers provide certain minimum benefits to employees, and the legally required benefits you need to offer largely depends on your company size and location.

We made an eBook that simplifies the complex process of choosing a benefits provider for your company. You can download it here.

You’ll also have to choose the means of finding a quality benefits provider, whether through options like a PEO or broker. These articles break down what you need to know so you can offer your employees a competitive benefits package.

2. Vacation and Paid Time Off

Modern companies are increasingly turning to unlimited paid time off (PTO) policies that offer greater work flexibility. Even if your company isn’t ready to implement such a policy, these articles may help you decide how to balance your employees’ needs for some R&R.

If your company doesn’t yet have a formal vacation policy in place, now is the time. This post will walk you through the laws around vacation policy and what your policy should include, such as rollover time and vacation accruement.

  • Setting Up Your First Maternity Leave Policy

    Find out what’s legally required during maternity leave and how to formulate your own parental leave policy. That includes policy requirements and preparations, as well as thoughts on what to offer if the law doesn’t mandate parental leave for your company size.

Get a simple guide to walk you through the process of creating a benefits package to fit your business.

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3. Performance Bonuses

Money isn’t everything, but it doesn’t hurt, either. The articles below will help you figure out the tax legalities of bonuses and how to understand whether bonuses actually count as a benefit or perk.

4. Paid Sick Days

State legislatures are increasingly looking at mandated paid sick leave, though the majority of states don’t implement it yet. Here’s what you should consider when offering paid sick days and other paid leave policies.

5. 401(k) Plan, Retirement Plan, or Pension

Unfortunately, one in three Americans have no money in retirement savings. Help your employees secure their future (and help secure your company’s) by offering a competitive benefits package that makes a real difference in someone’s life.

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal or tax advice. If you have any legal or tax questions regarding this content or related issues, then you should consult with your professional legal or tax advisor.