NEW YORK, Jan. 25, 2019 /PRNewswire/ -- HSA company, Clarity Benefit Solutions, explains how the right employee benefits can increase employee retention.
In a job market with record low unemployment numbers, it is increasingly important that employers offer an attractive benefits program to recruit and retain top talent. Here is how the proper mix of employee benefits can increase employee retention. Studies show that a mix of health-related benefits; wellness initiatives; employee programs and services; and PTO, family-friendly leave, and flexible working options are areas in which employers have expanded their offerings for improved employee retention.
The initial step is to offer a solid employee benefits plan with the right recipe of mandatory and voluntary benefits, which can result in improved wellness and productivity. If employees are engaged in their health benefits and take advantage of them, they will take less time off. Voluntary benefits such as attractive retirement plans provide them with additional peace of mind and make them likely to stay at their job longer.
Paid parental leave is a trend that is on the rise. Progressive employers who are looking to attract the next generation of a dedicated workforce are including paternity, adoption, foster child, and surrogacy leave in their PTO options.
Employers who provide an attractive benefits package to their employees foster a positive work culture. It shows that employers are invested in their employees' long-term health and well-being. Employees who are happy and healthy are more likely to stay at a company for a long period of time. This adds up to higher levels of productivity, which makes for a more successful business. It is vital that employers keep the lines of communications open with employees when it comes to benefits, as new options are constantly being introduced. Staying on top of the latest trends is a surefire way to ensure that employees stay with a company for the long haul.
All these initiatives go a long way with making employees feeling respected and appreciated—and that their contributions are worthwhile.
About Clarity Benefit Solutions: Clarity Benefit Solutions HSA administrators provides technology that makes the health insurance plan selection process fast, easy, and straightforward. For over two decades, we have provided clients with industry-leading technology, compliance, and exceptional customer service. Our offering is designed to save time and lower the costs of managing benefits while also promoting employee self-service and automated ACA compliance.
SOURCE Clarity Benefit Solutions