Hiring new employees is one of the most time consuming and difficult parts of your job. No matter what your screening process, brining on a new employee is always “a roll of the dice,” you never know for sure if your new team member will be the right fit. You’re also faced with competition for the best employees, you may find the right person only to learn that he/she has chosen another employer over you. Another problem you may have had, a good, long-time employee decides to leave you for another job. Why do these things happen? What could you have done differently?
It’s not unusual for employers to immediately think that salary considerations are the reason an employee might leave or choose another job. However, research has shown that 60% of employees view their benefits package as important but only 27% are satisfied with the benefits they have through their employer. Employers can use benefits packages to help hire and retain the best employees.
There are a number of benefits to choose from, some you may be legally obligated to offer (based on requirements in laws like the Affordable Care Act), others you can offer to employees as a voluntary benefit, which is one they would typically pay for themselves. Some of your options include:
- Life Insurance
- Short and Long-Disability
- Critical Illness
- Long Term Care and more
A robust benefits package, in addition to an employee’s salary can be a strong incentive to stay in a job. How can you decide what benefits might be important to employees? Employee feedback is one way to identify issues that are important to your employees – a short survey or just asking employees can be a good way to understand what your employees are looking for. Talking with other employers in your area can give you a good understanding of what the competition is offering and allow you to choose a competitive benefits plan.
Where can you go to get help designing a plan that will allow you hire and retain the best employees? You can contact an agent like Agri-Services Agency – we work with multiple insurance companies across the country and can develop a plan that fits your specific needs and your budget. Agri-Services Agency has been providing health care to farmers and agribusinesses for 50 years. We know insurance and we share your values, let us put our knowledge and experience to work for you.
Employees are an important part of your business, hiring and keeping the best will help you to be successful for years to come. A benefits package is a good way to keep employee turnover low, allowing you to focus on your business, not on hiring new employees. Give Agri-Services Agency a call today at 877-466-9089 to talk about a plan that will work for you.