Essential Benefits You Should Be Providing for Your Employees

As a business owner, you know that it’s important to offer incentives that attract the best employees that you can. In addition to providing a competitive salary, you should also look at ways that you can deliver essential benefits to your valued workers. Here are three benefits that you should absolutely try to provide to your employees.

Health and Dental Plan

The cornerstone of any solid employee benefits package is a health and dental plan. You will attract and retain employees at a higher rate if you offer a health benefits plan that includes dental and vision offerings. Although brushing and flossing are necessary, the whole family should visit the dentist at least twice a year for regular cleanings and exams to prevent serious oral health problems, according to Alpine Dental. Giving your employees the option to opt into these medical plans is the responsible thing to do.

Retirement Plan

According to BizFilings, you will attract the best of the best if you offer a quality retirement plan. Not only does this provide benefits to your workers, but it may also provide your business with tax advantages. If your business is a start-up and not able to offer as competitive of a salary as you would like, a good retirement plan can help to bridge the gap. You can also choose to structure the plan based on company profits, further motivating employees to be more invested in the success of the business. There is simply no downside to offering a retirement plan.

Paid Time Off

Your workers will be more satisfied with their jobs and more productive if they get ample time off. According to Mitre Finch, giving your employees paid time off will yield big dividends to you as you grow your business. In addition to the typical slate of paid holidays, it is important to give your workers a set amount of paid vacation time. You will be surprised at how much more productive your workforce is if employees are able to take regular breaks to decompress and relax. As an added bonus, you will lower unscheduled employee absences if your workers have flexibility in their schedules.

You will boost overall company morale and make your employees feel valued if you provide these three essential benefits. Employee benefits are not the place in your business where you want to cut costs.

If you want help building a great team for your company, contact us today!