When employers are concerned with attracting viable candidates for open positions or retaining their best staff members, they need to carefully select the benefits that they'll offer. There are many standard options that leap to mind as consistently important, such as health insurance and retirement funds. However, trends in availability for other types of services can show where improvements can be made.
According to the Society for Human Resource Management, 2011 has seen the decline of benefits such as long-term care insurance and health maintenance organization (HMO) plans. In their places, dental insurance and prescription drug coverage has stayed strong or even increased. This indicates where the priorities of personnel lie and how to best appeal to the majority of workers.
With a proper understanding of the needs of staff members, employers can offer a compelling and valuable benefit package that will keep a workforce strong. However, keeping track of such fluctuations in coverage can be quite difficult. Fortunately, employee benefit specialists are capable of judging the ebb and flow that dictate which offerings should be made to keep a company staffed and productive.
