How to Attract and Retain the Best Employees in the Market?
In reality, the perfect company doesn’t exist even though even though everyone dreams of working in one. If you are looking at even the top rated businesses around the world, you can still hear employees griping about something, and that’s normal. For those businesses that are deemed as top companies, what is it that they’re doing that makes them on top of the pack? How did they work on ensuring their employee retention is higher compared to other businesses?
While it is easy to say that the answer to this question is no rocket science and that it has long been figured out, one cannot put in a single box all the things that employees would want to make them stay. Business magazines and business-related blog sites continue to collect the most common of these factors.
Flexibility is always one of the factors that potential employees are looking for. Most people who are seeking for employment will always look for flexibility when it comes to their working schedules. The more flexible the working hours is, the better. Nobody wants to be glued for hours on their chair and gone are the days that employees would want to stick with an 8 to 4 job. So if you are a business owner, find time to make the work hours more considerate.
A company that values the health of their employees is always a good company. Better access to health care services is what most workers would be looking for when they seek for employment. Businesses that provide excellent health insurance coverage are always preferred by every worker and they tend to stay longer with the company because of this benefit. Top employers offer the same set of benefits to all their employees, even to those part-time workers in the company.
When retirement age comes, nobody wants to keep on working because they don’t have the resources to support their lifestyle. It would be comforting to know that when this time comes that you have the resources and pension to support the rest of your life. The Safe Harbor 401 K plan is a very popular pension plan that is being used across the United States. This is especially a very popular retirement plan for most small businesses today. Help employees prepare for their future and allow their money to work for them by getting them the right pension plan that gives better return on investments.
Statistically speaking, hiring an employee is more costly than working on retaining them. Statistically speaking, it would be seven times more expensive to hire new workers than to retain the good ones. It is, therefore, a strategic move for business to work on making their employees happy and satisfied to make them stay with the company. The factors listed above are considered as the most common perks that employees would be looking forward to make them stay.