When you’re working through what benefits to offer your employees, it can be tough to decipher which avenues to take. After all, there are a lot of options out there! While many offices veer towards the “standard” or more traditional benefits model, an abundance of companies are moving towards more out-of-the-box options.
We explore why this is a good idea below, and in an article to come we’ll talk through some of these more unique benefits that will make a big difference in hiring, recruiting, and retaining talent at your company.
The World of Benefits is Changing
The first reason to make a change in the way you offer benefits to your employees is because whether the workforce wants to acknowledge it or not, the world of employee benefits is changing. While companies are used to stricter PTO policies with a specific number of days, it’s becoming more and more common for organizations to offer their employees an unlimited vacation time package.
Similarly, offices are moving towards different healthcare options, from HSA accounts to the direct primary care (DPC) model rather than providing coverage for traditional physicians.
Much of this change is brought about by a new generation of people in the workplace. The baby boomer generation has run the show for years, but now that millennials are on the scene, their vastly different lifestyles and mindset demands a new way of the world when it comes to benefits.
It Could Attract Fresh Talent
Offering out-of-the-box benefits is a great way to attract new talent to your organization. As mentioned above, traditional benefits are not quite cutting it for many millennials who are joining the workforce. When you’re looking to expand your team with young and fresh talent, more untraditional benefits may be just the ticket to ensure that you’re getting the right people through the door.
It Sets You Apart
Offering the most unique and cutting-edge benefits will show your employees that you care about offering them benefits that fit their needs and lifestyle. The internet and social media play a large role in showing potential and current employees what kinds of benefits options are out there, so your employees are sure to check out the competition and get ideas about what they may be missing benefits wise if you don’t keep up with the times.
Because of the ease of access when it comes to any and all information, staying ahead of the curve to retain the talent you do have at your company as well as attract new individuals is more important than ever at this point in time.
Connect with us to learn more about how to revamp your benefits package to best suit the needs of your company and employees. We have extensive knowledge surrounding the topic and can help you to offer items such as DPC coverage, renewed vacation policies, and so on. Call us today to learn more!