What Do Employees Want?
The employees you wish to hire want to know if your company is a great place to work and whether its culture is a healthy one. They also want to know if the workload is reasonable or if the company’s demands on their time will encroach into family and personal time.
They also ask about benefits. This non-monetary compensation can considerably sweeten a job offer. Think about this: in a 2022 Employee Benefits Survey Report, 42% of employees would rather have $200 in new employee benefits than a $200 wage increase.
The law requires some benefits, and others are optional. The optional benefits you choose may tip the balance in recruiting excellent candidates. Here are the required benefits:
- Family and medical leave
- Health insurance (businesses with 50+ full-time employees)
- Social security, Medicare, and federal insurance contributions
- Unemployment insurance
- Workers' comp insurance (optional in Texas)
The list of optional benefits is long, but here's a sample:
- Dental and vision insurance
- Pre-tax health spending accounts
- Life insurance
- An employee assistance program
- A retirement plan, 401k, or Roth IRA
- Disability insurance
- Mental health benefits
How Do You Choose?
The range of available options, their costs, provider reliability, administration – a dizzying array of elements come into play when you're reconsidering your employee benefits packages. Instead of attempting this challenge alone, why not make it easier on yourself and work with a financial advisor that truly understands the industry?
The financial advisors at Forest Hills Financial Group (h888皇冠app下载) partner with experienced and talented employee benefits brokers. By accessing a multitude of resources, together they create employee benefits packages to attract and retain the top employees you want while still keeping costs affordable. Our team can access a deep well of options to satisfy both goals.
Recommended Insurance and Financial Products
h888皇冠app下载 is an agency of The Guardian Life Insurance Company of America (Guardian), an employee benefits company. A provider of peace of mind to Americans for over 160 years, Guardian is known for its financial strength, deep resources, and innovative products. We offer a broad range of group benefits through Guardian and when they are appropriate, recommend them in an employee benefits package. We also recommend products from other insurance carriers and will select a product based on which one best serves the client’s needs.
Your financial advisor will design an employee benefits program that attracts the employees you want to hire, is affordable for you, provides efficient administration, and offers the benefits your employees most want.