Attracting & retaining top talent: The employee benefits that matter most
Latesha Byrd
2022 LinkedIn Top Voice on Company Culture | CEO of Perfeqta & Executive Coach, Speaker & Strategist: Talent Development, Organizational Wellness, Inclusion
Companies that hire and retain great talent are those that compensate employees beyond pay. These organizations invest time and money into inclusive benefits and workplace policies that encourage employees to advance within the company. Over time, these workplaces build a culture of belonging where all team members feel safe, valued, and supported.?
When thinking about driving equitable outcomes at your organization, reassess the benefits you provide employees. According to a survey by Forbes Advisor ,?
If inclusive hiring, retention, and advancement are part of your company’s goals, take a look at these employee benefits that workers want the most.??
Flexible work arrangements
Since the start of the COVID-19 pandemic and the rise of remote work opportunities, more employees recognize how beneficial flexible work schedules are to their personal and professional lives. About 51% of employees and 47% of employers named work-life balance as the top priority in company culture.?
Those who have caregiving responsibilities, health issues, young children, or are simply more productive outside of a traditional office setting can benefit from the following:
Health and wellness benefits
In addition to traditional health insurance, inclusive health and wellness benefits can help boost employee engagement and retention. This can include fitness classes or gym memberships, healthy food options, or onsite wellness resources such as a meditation room.?
In addition to physical health support, about 67% of employees want their employer to provide mental health support to help them take care of their stress and anxiety . This can include an Employee Assistance Program, counseling services, mental health days, paid subscriptions to mental health apps like Calm, and wellness programs focusing on stress management.
领英推荐
Paid parental leave
Offering equal and inclusive parental leave policies, regardless of gender or caregiver status, can help employees feel valued and supported in their personal lives and their careers.
The Family and Medical Leave Act (FMLA) guarantees coverage for 12 workweeks of unpaid leave per year for qualifying family and medical reasons, but this doesn’t cover all employees. Without paid time off, parents are forced to return to work too soon, which can have a negative impact on their mental and physical health .
Leaders can assess current parental leave policies, connect with employees to learn more about their needs and preferences, and readjust their policies to include specific goals, timelines, and action steps.
Professional development and growth opportunities
A retention and advancement plan must include a professional development plan. According to LinkedIn’s employee well-being report, opportunities to learn and grow is rated the No. 1 driver for work culture . This can include mentorship programs, training and development opportunities, and support for continuing education.?
An employee recognition program can also be a part of your advancement plan. Recognizing and celebrating employee achievements, milestones, and contributions can help create a positive and inclusive workplace culture.?
Diversity and inclusion education
Employees want to know that organizations are committed to long-term growth in diversity, equity, and inclusion. Over the last few years, about 80% of employees say they want to work for a company that values DEI efforts. The best way to demonstrate your commitment to DEI is to develop a strategic plan that makes education a top priority.?
Consider holding a company-wide training on what it means to be an ally at work and confront unconscious biases. Work with employees to build an employee resource group and provide ERG leaders with proper training . Invest in a DEI partner that can work with your team to create a data-driven DEI roadmap .?
Learn more about building a supportive, engaging, and inclusive company culture.
Subscribe to Perfeqta’s weekly newsletter and receive DEI and talent development resources on how to engage employees and nurture an inclusive company culture.
We would also add financial stress as a major factor for high turnover, low productivity and morale. The latest research and Secure 2.0 changes imply that a simple solution like a workplace emergency savings account can improve retention by 75% and help solve other issues. Check this article: https://www.dhirubhai.net/feed/update/urn:li:activity:7056375771283558400
Next Trend Realty LLC./wwwHar.com/Chester-Swanson/agent_cbswan
1 年Thanks for Posting.