As we get closer to the end of this year, it’s important that you start to give serious thought into what type of employee benefits you are going to provide this year and beyond. According to some research, you can cut down on turnover by as much as 140 percent, provided that you’re able to put together the right type of benefits. However, you can’t just pick random options from a list and see what sticks. Instead, you need to make sure that you’re choosing the right match for your needs and what employees are most interested in. When it comes to immigration job advertising in the Bay Area, here is what you want to take a look at investing in and showcasing.
Key Benefits
When it comes to things you want to mention in your employment advertising in the Bay Area, pet-friendly benefits are a good place to start. This isn’t something as simple as bringing pets into the workplace on occasion. As many as 15 percent of all companies now offer some type of pet insurance. Since 2015, this represents a 6 percent growth in offerings. It’s easy to forget how much time and affection people put towards their pets, and this is a good way to show you are thinking of their wellbeing also. In fact, some companies take this to the next level, giving paid time off or telecommunication flexibility for people who adopt pets. “Pawternity leave” is more than just a pun for a lot of workers.
On the topic of leave, paid leave is also something that people are going to want to look for in terms of help wanted advertising in the Bay Area. As many as 80 percent of all employees live paycheck to paycheck in some capacity. This means that they don’t have enough in the way of emergency savings to cover for unexpected expenses or spending in other areas. Along with this, as many as 94 percent of all low-income employees don’t have proper access to paid family leave. Often, these are the employees who need it most often. No one is exactly sure how this may progress, as it’s being debated on the congressional level, and different states have different approaches. Regardless, it’s something worth talking about for your teams.
When we discuss paid leave, family planning is also something that needs to be mentioned. Even smaller companies are getting involved with family-friendly benefits like maternity leave, paternity leave, and even fertility services. As the work-life balance conversation gets bigger, companies need to adapt.
More employers are offering family-friendly benefits like paid maternity leave and fertility services to attract and retain employees. It’s not just big corporations either, 10 percent of employers with 50 or fewer employees offer some sort of fertility benefit (up from 4 percent in 2016). Egg harvesting or freezing, in-vitro fertilization treatments, paid paternity leave and emergency/sick childcare are just a few of the family-friendly benefits growing as part of the larger trend to expand work-life balance policies.
There are other, more tangential areas that can mean a lot in terms of a benefits package. Almost half of all workers cite their commute as the worst part of their day, and one out of five say they are regularly late for work due to travel issues. Some major companies are providing commuting reimbursements, or even company shuttles to help here. While this isn’t feasible for small businesses, finding ways to make the commute easier is a good selling point for talent.
One element that combines a lot of these together is flexible scheduling. Work-life balance problems cause over 10 percent of all employees to leave their jobs. Whether it’s due to larger commutes or a lack of family time, all of these can pose problems. As a result, flexible work schedules, when possible, are key for allowing employees control over where and when they choose to work. They also add more trust with the employer and helps friends and family when needed most.
What To Add
Tech benefits are also worth adding to your immigration ads in the Bay Area. Many employers provide a company-owned phone for both business and personal use, and some provide subsidies for bills for employee-owned devices. Even free computers for personal use aren’t uncommon. These benefits make sure that your employees have the right equipment for both remote and in-office work.
Another key issue in many workplaces can be a mental health problem. Almost a quarter of all U.S. employees have a depression diagnosis, and many take days off of work due to mental health issues. In fact, insight from the World Health Organization (WHO) shows that anxiety and depression put a $1 trillion expense on the global economy. However, for every dollar put into treatment for these issues, there’s a return on $4 in productivity. estimates depression and anxiety cost the global economy $1 trillion each year in lost productivity. Making mental health care more accessible and finding potential stressors in the workplace is time well spent for your HR and benefits departments.
So, wondering at this point what the biggest benefit you should consider is? Surprisingly, financial wellness is at the top. Money is a natural stressor for many employees out there, and this crosses across generations and demographics. Many employees also report that their health has been directly impacted by financial concerns. When we talk about benefits that people want but don’t have, a financial wellness program with a counselor is generally at the top. There are several resources out there that give employees personalized tools and advice to do things like plan for retirement and manage their money better. Combine benefits like these with adhering to PERM advertising requirements in the Bay Area, and you’ll have a winning combination to attract top talent.
