Standing out from other firms is very important when companies need to attract the best applicants and retain top-level workers. Failing to do so will force employers to settle for sub-standard personnel and can harm any long-term operational strategies that require attention to detail and hard work. Fortunately, it may be easier to become appealing to candidates than companies might think.
Most organizations realize employee benefits are par for the course when it comes to making a position look attractive. Not only can companies better leverage their staff sizes and organizational resources to drive medical coverage and retirement plan costs down – they can also engage in employee benefit plan administration so workers don't have to themselves.
A thorough and expansive coverage package is very important, but sometimes just making insurance available is enough to make better candidates apply. For instance, consider the 2012 report released by the Employee Benefit Research Institute. It found that between 1997 and 2010, employees that had medical coverage plans in place provided by their employers declined from 60.3 percent to 56.5 percent.
However, what's more telling is the proportion of companies that even offered benefits to begin with. In 1997, 70.1 percent of businesses made some level of coverage available, while in 2010 about 67.5 had. This illustrates an important change that's crucial for companies to understand – any insurance at all is superior to a lack of it. Therefore, attracting high-quality employees is as simple as putting any benefit package in place at all. Consider even making health insurance and retirement package services available in tiers so the needs of each worker can be met and maintained through their terms of employment.
