Does Your Company Need Help Maximizing Your Employee Benefits?
In today’s job market, retaining employees and top talent is essential. You may think that the only way to do that is with more competitive pay, but it is much less complex than that. One method for gaining a competitive edge in keeping your employees is to clearly highlight your company benefits program. If you need help showcasing how much your value your workforce, contact Liisa Holm Coaching today.
Take a Proactive Approach
Employers often take a reactive approach to providing employee perks, only adding or changing benefits after something changes or goes wrong. In this model, gaining the trust of your employees is an uphill battle, as they are constantly expecting to disagree or be unhappy with a change in their plan. I recommend creating a poll for your employees that asks about what they are looking for and how satisfied they are with their existing perks. This will help you make informed decisions as you proactively look for updates.
Seek Out Unique or Non-Traditional Perks
Not all benefits have to impact your budget, and you can make unique changes that you may actually benefit from. As a workplace that offers the same standard healthcare and retirement coverage, how are you going to stand out? Explore unique perks that save people time and give them convenience, like onsite healthcare or onsite financial planning and advising services. Other non-traditional benefits may include:
Flex schedules
Remote working opportunities
Financial lunch and learns
Wellness programs
Customize to Meet Employee Needs
Your employee wellness program should contain perks and benefits that look like the wants and needs of the demographics that make up your atual workplace. No two employees are the same, so why would their benefits package be? Meeting people’s needs as they exist within their current phase of life and family structure may sound like a costly investment, but in return, you will likely be met with increased employee satisfaction and improved performance.
Educate Employees on Benefit Plans
According to an Employee Benefits Research Institute study, one in every five workers regret their healthcare decision. Educating employees on what their options are before they sign anything will go a long way in improving their engagement with the plan and their overall satisfaction with it. An improved enrollment process and more time devoted to educating employees on available options in fundamentals.
If you are struggling to keep up with the ever-changing market of benefit plans, or you’re looking for a coach to support your needs, I am here to help! I am Liisa Holm of Liisa Holm Coaching and I specialize in helping businesses of all sizes optimize their function and structure. Contact me today so we can get started.