3 Things You Should Be Offering Your Employees
As an employer, it’s essential to make the right choices when it comes to recruiting staff. However, the hard work doesn’t stop there. Once you’ve found the best candidates, you have to ensure that they accept the job offer and work for your company for years to come. If your business is already up and running, and you’re keen to build a strong team packed with potential, it may be time to ask yourself what you’re offering your employees. If you could do more, making changes could benefit you in the future.
A Competitive Salary
While job satisfaction is important, the majority of people rate salary higher on their list of priorities when hunting for a job. The reality is that people want to be rewarded financially for the hard work they put in on a daily basis. If you’re recruiting new staff, it’s essential to ensure that the salary you’re offering is competitive. If other firms are offering more and a candidate has a choice, the extra money in their pocket may sway them towards the other company. Before you advertise roles, have a look at the books and do some research to see what other businesses are offering. It can be helpful to use salary bands or ranges, and then you can negotiate an exact sum if you want to offer a candidate the job.
Employee Benefits
Many employers offer a benefits package in addition to a standard salary. This may include health and dental insurance; access to facilities, such as gyms and sports centers; pension contributions; and money towards alternative therapies, such as massage. If you don’t have a comprehensive package on offer, you may not be able to compete when it comes to finding the best candidates for the roles available. If you’re offering the same salary, but a competitor is also providing health insurance, vision care, and gym membership, their offer may be more appealing. It’s worth shopping around and getting some business medical insurance quotes. You can compare prices from different providers, and choose a level of cover and additional features that are suited to your employees. Contributing to insurance payments is a major carrot for employees, as it can save them a significant sum of their medical fees.
Training
Most people don’t accept a job with a view to staying at the same level for years to come. Employees want to go somewhere, better themselves and climb the ladder. As an employer, you should encourage ambition and support those who have a desire to fulfill their potential. You can do this by providing training courses, offering opportunities for progression and development, and considering internal applicants, as well as external candidates when new roles become available.
If you manage a business, it’s natural to want to have the best team possible. Recruiting candidates can be tough enough, but you’ve also got to make sure that your offers are appealing enough for the best employees to choose you over your rivals. Once you’ve got outstanding individuals, you also need to keep them on board. Make sure the salaries you offer are competitive, put together an attractive employee benefits package, and support those who want to get ahead.
