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| Benefits & Requirements |
| Personnel Wars: How your PEO helps you attract and retain the best |
In today's tight employee market, where employers wage a fierce battle to attract and retain top employees, we'd like to offer some hints about what entices people to join a company, and what keeps them there.
401(k), pensions and savings programs
In a recent survey conducted by William M. Mercer, Inc., 76% of respondents picked the company retirement or savings plan as a reason they were most attracted to a specific employer (See "Benefits and Organizational Purpose Attract, Retain Employees." HR Wire.). If you want to attract great employees, and hang onto them once you hire them, a program that allows your employees to save for their future is indispensable.
Medical coverage
This is another "no-brainer." Businesspeople know how valuable a good medical insurance program is to their employees. It represents peace of mind that many of us are not willing to be without.
"Organizational Purpose"
This was a standout in the survey. The statisticians were surprised to learn that 64% of their respondents valued a "clear sense of organizational purpose" so much that it would influence their choice of employer. Clearly, employees like knowing that what they are doing has value and makes a difference in the world. They like knowing where they're headed.
They like knowing where the company is headed. It is an intangible benefit, but one that some employers can't offer. We can help you develop a mission statement or a list of business goals that will help you portray a sense of purpose to your employees. In today's employee retention economy, you can use every advantage.
Benefits that entice your employees:
- comfortable workspaces
- a no-layoff policy
- on-site child care or referral services
- child or elder care vouchers
- long-term care insurance
- a paid-time-off policy that doesn't favor workers with families over single employees.
- cafeteria benefit plans
- tuition reimbursement or mortgage assistance
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