If you asked your employees, would they say your company is a GREAT place to work?
According to a recent study by MetLife, employees who strongly recommend their company as a great place to work are three times more satisfied with their benefits than those who are less positive about their company. And 83% of employees who recommend their company as a great place to work say they are very loyal to their company.
The following are the three key ingredients to making your company a best place to work.
- Financial security. If the basic need of financial security isn’t present, you lose out. Make sure your employees are being paid what they are worth. Make sure employees have access to retirement planning and purchasing disability insurance products through your company. Profit sharing is also a nice way to reward employees and help them feel secure.
- Benefits. According to MetLife, 61% of employees who say that having benefits that meet their individual needs would make them more loyal. Offer a wide variety of benefits. Money appeals to everyone, but not all benefits are created equal or have equal importance to all people.
- Balance. Let’s face it, most people work to live and don’t live to work. Those companies that offer more work-life balance and flexibility win. Take a look at the number of vacation days you offer, sick time, flex time, etc. Allowing people to be able to enjoy their free time will help productivity and loyalty.
Funding employee benefits is costly – yet benefits are crucial to attracting top notch candidates to work for your company. Further, they’re important in keeping the best and brightest from jumping ship. At CPP, we work with the best and brightest in the employee benefits arena and would be more than happy to help your company offer affordable employee benefits solutions. For more information give us a call at 888.237.5800.
MetLife Benefits Study