This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Ask your provider if it’s possible to design plans for unique situations and goals. Evaluate other retirement-planning tools to deploy alongside traditional retirementplans. Examples: Parentalleave (including adoption or foster leave). Notify them in writing. Provide educational materials.
Employee perks are additional benefits offered by companies that go beyond standard compensation and benefits packages. While traditional benefits include health insurance, retirementplans, and paid time off, perks are often more varied and tailored to improve employees’ overall work experience.
In today's rapidly evolving workplace, offering a comprehensivebenefits package is no longer just an added perk—it's a critical component of attracting and retaining top talent. This alarming statistic signals a pressing need for businesses to reevaluate their benefits offerings.
Employee perks are additional benefits offered by companies that go beyond standard compensation and benefits packages. While traditional benefits include health insurance, retirementplans, and paid time off, perks are often more varied and tailored to improve employees’ overall work experience.
These benefits range from health insurance to retirementplans, paid time off (PTO), and wellness programs. Retirementplans : Helps employees save for the future. Comprehensivebenefits, especially those focused on well-being, help maintain peak productivity.
Unique benefits—such as extended parentalleave, mental health support, or student loan repayment assistance—signal to potential hires that the company values them as individuals, not just for their output. Airbnb : Airbnb’s perks program aligns with its mission of creating a world where everyone can belong.
Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensivebenefits in kind do well in the market for acquiring and retaining key brainpower.
Job security and benefits Non-monetary incentives such as job security and comprehensivebenefits packages are key motivators. Knowing that their job is stable or that they have access to health insurance, paid time off, or retirementplans can encourage employees to perform better.
Companies with unique staff rewards and incentives Airbnb is known for its exceptional staff rewards and incentives because it offers a comprehensivebenefits package, including stock options that give employees a stake in the company's success. Rewards vs. Incentives: What's the Difference?
A well-structured employee benefits program can be a make-or-break factor in attracting and retaining top-performing employees. However, it’s not just about offering standard benefits like healthcare and retirementplans; customization is key to creating a benefitsplan that resonates with employees.
Meeting Legal And Ethical Obligations: Certain benefits, such as health insurance, retirementplans, and paid time off, may be required by law in many jurisdictions. Offering good benefits helps companies attract, keep, and inspire employees, leading to better results and a positive work environment. . "The
A robust employee benefits program has emerged as a critical factor in this endeavor. Employees increasingly seek more than just a paycheck; they desire comprehensivebenefits that support their well-being, work-life balance, and personal development.
Providing a comprehensivebenefits package is essential for keeping employees happy, healthy, and motivated. From healthcare and retirementplans to flexible work arrangements and professional development opportunities, employees are looking for a comprehensivebenefits package that meets their unique needs and preferences.
Determine the benefits you want to offer Before you can start offering benefits, you need to determine what benefits you want to offer. Communicate the benefits to employees Once you have developed your benefits program, it's important to communicate it to your employees.
. - 78% of employees consider benefits very important when deciding whether to accept a job offer, showcasing how critical benefits are in attracting talent. - 69% of employees would choose one job over another if it offered better benefits, emphasizing the competitive advantage that comprehensivebenefits packages provide. -
The Evolution of Employee Benefits Employee benefits have come a long way since the days of basic health insurance coverage with a savings retirementplan thrown in. As the workforce has evolved, so too have employees’ expectations when it comes to traditional employee benefits.
Experts suggest a direct correlation between the adequacy of employee benefits and job satisfaction, which subsequently affects staff turnover rates. For instance, if employees feel valued through extensive health coverage or comprehensiveretirementplans, they are more likely to stay with the same organization for longer periods.
Employers can support workers by expanding their comprehensivebenefits package to include strategies for financial planning assistance, managing debt, saving and investing. Higginbotham can help you keep your workforce happier and healthier through a strong employee benefits program.
When is Employee Benefits Day? Employee Benefits Day is on April 2, 2025. Celebrated across Canada and the United States, this day raises awareness around benefits like health insurance, retirementplans, and other workplace perks.
Many companies face challenges in offering competitive and comprehensivebenefits that align with employee needs and market standards. RetirementPlans Providing retirement savings options helps employees plan for their future and shows that your company values long-term financial security.
Financial wellness: Provides fair compensation, educating employees on financial literacy, support for retirementplanning, and student loan assistance. Paid parentalleave and caregiver support: Offering generous parentalleave and caregiving assistance supports employees during important family milestones.
We organize all of the trending information in your field so you don't have to. Join 46,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content