Imagine the workforce and environment of your dreams. Does it feature happy, productive employees who wouldn’t dream of moving to a different company? Fortunately, such a workforce is easier to achieve than you might think. It all starts with offering the right benefits. Here we discuss just how powerful benefits are when it comes to attracting and retaining top talent. We also discuss their relationship to a satisfied and productive workforce. We then present one of the best benefits for achieving the workforce of your dreams.
The Right Work Benefits Attract Top Talent
Benefits speak loudly during the recruitment process.
• 60% of human resource leaders say that an attractive benefits package is very important in recruiting top talent1
• Nearly 50% of employees come to work for the benefits1
Offering attractive benefits will give you an edge when recruiting talented employees. In fact, more human resource professionals believe benefits are a stronger magnet than salary when recruiting top candidates.1
The Right Work Benefits Retain Top Talent
Benefits continue to be speak loudly after employees are hired.
• 60% of employees say benefits are a key factor when deciding whether to stay or leave a company1
Company loyalty is difficult to cultivate as an employer. However, the right benefits can make or break your employee retention strategy. Employees frequently and willingly accept lower salaries in exchange for better benefits and work-life balance.2
The Right Work Benefits Create a Happier, More Productive Workforce
Given the weight employees place on benefits when selecting an employer and deciding whether to stay with a company or move on, it’s no surprise that benefits have an impact on the overall culture of the workplace. Offering employees attractive benefits shows you value them. It also demonstrates that you take steps to take care of them. The more transparent you are about the benefits you offer, and why you offer them, the happier your workplace will be.
So, what benefits should you offer to attract and retain top talent and enjoy a positive workforce culture?
What Are The Right Work Benefits?
The right benefits are the ones that meet employee needs. Today’s employees seek autonomy and discretion. In fact, 80% of employees prefer benefits that meet their needs as those needs evolve over three to five year periods.1 This means you want to offer benefits that are individually owned and flexible.
Enter HSA solutions. Enter the Ready for Life HSA.
The Ready for Life HSA
The Ready for Life HSA is a supercharged HSA. It has all of the features of a regular HSA with the advantage of a built-in payroll advance to help employees cover unexpected medical costs.
- It satisfies the employee’s desire for autonomy and discretion by being individually owned— employees can take the account with them forever while enjoying complete control over their funds and how much they contribute.
- It satisfies the employer’s desire for flexibility by allowing them to contribute any amount they please at any given time, while protecting them from the unexpected with a built-in payroll advance.
Since contributions are made pre-tax, the Ready for Life HSA also enhances employee satisfaction because it allows them to take home a larger paycheck. Of course, withdrawals for qualifying expenses and interest earned is also tax-free! And, what employees contribute, they keep. There’s no “use it or lose it” where the Ready for Life HSA is concerned.
With so many benefits, it’s no wonder employees are raving about this new product. HSA admin really couldn’t be any easier or rewarding. So, take advantage of this revolutionary product and make wonderful things happen for your company.
Good Things Are Within Reach for Your Company
When you go the extra mile and provide employees with the benefits they seek—benefits like the Ready for Life HSA—you’ll be rewarded with a stronger, happier, and more productive workforce. You’ll also enjoy the advantages of being a place where job candidates desperately want to work.
1. https://www.entrepreneur.com/article/223516#
2. https://www.cio.com/article/2376117/careers-staffing/how-to-attract-and-retain-talent-with-the-right-benefits.html
