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Yet many business owners today still seem hesitant to invest in better coverage or more paidvacation hours to woo new talent. Some paid parental leave. And if you’re really shooting for the moon, you may even provide a few of these: Unlimited vacation time. A matching 401(k) or pension. Childcare support.
In 2019, employers will need to offer more than a competitive salary, paidvacation and a 401(k) plan to recruit prospective job candidates and retain top employees. Unemployment is low and the economy is strong, even with recent volatility in the stock market.
Supplementary Pay – Usually left to the company’s discretion, supplementary pay includes stock options, 401 (k) plans, bonuses, tips, etc. Some paid leaves like maternity leave are governed by laws (ranging from 6 months to 1 year), while sick leave or paidvacations differ from company to company.
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