• Workplace Wellness Programs and Their Impact On Employee Engagement and Retention
• Fun Work Lunch Ideas To Show Your Team You Appreciate Them
• How To Attract And Retain Government Employees With The Right Corporate Perks
• List of Fun Virtual and In-Person Activities to Boost Employee Morale
• How a Passport Unlimited Discount Program Can Help Employers Support Their Workforce During Inflation
• Why Offering a Discount Program Can Help With Employee Retention
• Employee Discounts Every Biotech Company Should Offer to Stay Competitive
• Lifestyle Benefits For Employees And Why Companies Should Embrace Them
• Increase Loyalty & Retention by Giving Credit Union Members a Great Rewards Program
• The Best Entertainment Discounts For Your Corporate Benefit Program
• Why Retail Marketing Loyalty Programs are Important for Customer Retention
• 5 Reasons You Should Invest in a Corporate Engagement Program for Employees
• Boost Customer Loyalty with Incentives to Drive Engagement
• 7 Strategies That Can Help Credit Unions Increase Member Loyalty
• How to Create a Loyalty Strategy for Restaurants & Boost Profits
• The Many Benefits of Implementing a Corporate Wellness Program
• Benefits of Implementing a Corporate Discount Program for Hospitals
• Creating a Culture of Trust and Engagement with Remote Employees
• How to Encourage Financial Planning for Employees
• What Is Workplace Transformation, and Why Is It Important?
• Ways to Support Growth & Development Workspace
• How to Establish a People-First Culture?
• Why is Providing Channels For Employee Feedback Becoming Important?
• How to Create a Healthy Remote Culture For Your Company
• Tips to Ensure the Mental Wellbeing of Remote Employees
• Why Providing Employee Perks is More Important Than Ever Before
• How HR Departments Can Attract New Employees Amidst the Pandemic
• What Should You Include in an Employee Benefits Program?
• How to Increase Your Employee Retention Rates?
• Tailoring Your Benefits Packages for Remote Employees
• How to Have a Personal Life While Working From Home
• How to Use Your Vacation Days Once The Pandemic is Over
• Getting Back Into the Office Groove
• Tips to Bounce Back From the Pandemic
• What Benefits Do New Hires Want?
• Why Are Employee Benefits beyond the Basics Important?
• Incorporating Spa and Massage Treatments in a Benefits Package
• How to Encourage Your Employees to Explore Their City
• 4 Tips to Support Child and Pet Care When Your Employees Return to the Office Part-Time
• 4 Ways to Support Local Restaurants as They Re-Open
• Helpful Employee Discounts For Supporting Work From Home Parents
• Building Benefits Packages to Promote Employee Wellbeing
• How to Promote Work-Life Balance in a Remote Workforce
• What Job Perks Do Employees Want in a Post-Pandemic World
• Engaging Remote Employees The Right Way
• Best Practices to Implement and Launch an Employee Discount Program
• Providing Unique Benefits For Your Remote Employees
• Shop Local, Stay Fit & Save!
• Get Creative With Your Benefits

What Benefits Do New Hires Want?

In recent years, there has been an increase in turnover rates. As a result, companies are trying to think of ways they can keep their employees happy and engaged. One way is by offering benefits that better suit what new hires and young people want .

There are many different factors such as salary, work-life balance, and company culture that all play into whether an employee will stay with a company for the long haul or not. In order to know which benefits might be best it's important to ask them! Or better yet, read our blog post and get the inside scoop.

Flexible Work Hours

Flexible hours are popular among job seekers. According to a study conducted by the Harvard Business Review, flexible hours can persuade 88 percent of respondents to choose a lower salary over one with higher pay but a fixed schedule. Believe it or not, flexibility is the most requested benefit followed by health insurance.

Further, in a FlexJobs survey, 80 percent of parents and millennials (anyone born between 1981 - 1996) said that flexibility and work-life balance were the most important factors in evaluating potential job opportunities.

Health Insurance

Employers who provide health insurance for their employees will benefit by attracting quality candidates. Employees carefully consider whether a company provides affordable, comprehensive coverage for them and their immediate family members as they make employment decisions.

But why do employees value health care coverage so much? Well, in 2016, the average American spent $10,345 on healthcare. This was an exorbitant amount five years ago, and that number is only growing. It’s the reason why employees rank health care benefits as their most requested.

Life Insurance

In a 2017 LIMRA survey, nearly six out of ten employees believe that life insurance benefits are not only important but necessary for their jobs. Life insurance gives workers peace of mind that they have financial security should something happen to them and ensures that their families can continue living normally if they ever pass away.

Luckily, group life insurance is an affordable benefit employers can offer to round out their benefits package and attract top talent. For example, a healthy 40-year old employee costs just $36 per month for group coverage. This type of low-cost option helps employees supplement other medical or retirement plans already in place at the organization with something that matters most to them – being able to care for dependents if tragedy strikes.

Wellness Benefits

Most employees say they are interested in their well-being and take their health seriously, and employers agree. This is why many of them have wellness programs as part of the benefits package for new hires. In fact, a Fitbit survey reported that 88 percent of CEOs said their company already has a health and wellness program on board.

As a small business owner, it can be difficult to provide your employees with an onsite gym like big companies like Google or SAS can provide, but there are still some things that you can do. These include:

• Providing healthy snacks
• Reimbursement for exercise equipment
• Yoga Classes
• Gym Memberships

Some of these may be too hard – like the gym membership – but you should keep these in mind for potential employees as your business expands.

Conclusion

There are many benefits that a new hire might be looking for in a company. For example, flexible work hours and health insurance top the list of priorities. We can help you find your perfect match by tailoring your organization’s offering with our Passport Unlimited program!

By partnering with us, we will provide tailored benefits – such as life insurance or wellness options – which may not have been on your radar before this blog post. If you want more information about how we can tailor these offerings for your business needs, contact us and request a demo today!