The Must-Have Recruitment Tool that Helps Small Businesses Compete for the Best Talent
As an employer, your success depends on many factors, but few have an impact as immediately evident as the people you employ. You know the quality of your employees can make or break your business, but if yours is a small or medium-sized business, you may wonder how you can compete with larger employers for the best talent. Larger employers may have more resources allowing them to offer higher wages to prospective talent, but research shows that 4 out of 5 employees want benefits and perks more than salary increases.* This means if you are a small or medium-sized business owner, it is time to take a hard look at your employee benefits offering.
How valuable are benefits and perks?
According to a Glassdoor 2015 survey, nearly 80% of employees would prefer new or additional benefits over a pay increase. In fact, more than 84% of younger employees (ages 18-44) would choose benefits or perks over pay raises when compared to employees age 45 and older. What this means for you as an employer is that you can compete with larger employers for younger talent by offering the right types of benefits.
What types of benefits should you offer?
According to the study, the benefit that attracts these in-demand employees most is health care insurance, including medical, dental, vision and life insurance. The next highest on the list of desirable perks was paid time off, followed closely by paid sick days and 401(k)/retirement plan. If you are one of the many employers in the nation who believe that only large businesses can offer these types of benefits to your employees, you would be wrong. In fact, through Spirit HR, small employers can access the same types of benefits as larger employees while also offering prospective employees the distinct advantages of working for a small, flexible employer.
How can you offer large-company benefits in your smaller company?
Spirit Human Resources offers smaller employers access to the array of benefits typically reserved for larger employers. From medical and dental insurance to life insurance and 401(k), Spirit HR can offer you the types of benefits that enable you to compete with large employers. Business owners with 5-100 employees often believe their companies are too small to offer perks like a 401(k) or life insurance, but when you work with Spirit HR, what was previously out of reach can now be a key recruiting tool to ensure your organization has the right talent to thrive.
From medical, dental, vision and life insurance to payroll, cutting-edge HRIS, risk management and more, Spirit has the benefits, tools, expertise and resources to help you compete with large employers for the best talent. Contact us today at email@example.com or 405-951-5300 to learn more.
* Source: Glassdoor’s Q3 2015 Employment Confidence Survey