What Employee Benefits Are Most Popular for Employees?

Uncategorized Feb 20, 2022

What Employee Benefits Are Most Popular for Employees?

Employees spend a major portion of their time in the office. Hence, employers should strive to make the employee experience as rewarding as possible. For sure, a satisfied team means better productivity, more creativity, and diminished employee turnover.

So, the ideal way to enhance employee satisfaction is to provide greater perks and benefits. Besides, what you offer apart from pay can significantly support your recruitment efforts. 

The Most Popular Employee Benefits

Health Insurance

Nearly 70% of companies over 10 employees offer health insurance to their employees. Usually, full-time employees are eligible for this. Also, some insurances provide complete coverage, and enable you to purchase insurance for your family. While other organizations will require you to pay premiums for the insurance plan. The best part of employer insurance is that it is much affordable than self-purchased insurance plans on the exchange.

Paid Vacations

Employees get tired of their monotonous routines and need a break. And when you offer paid vacations, paid sick leaves, personal time off, it pleases them.

Dental Insurance

Dental Insurance is the second most requested benefit after health insurance. Companies can pay for the coverage for employees or offer it on a employee paid basis.

Retirement Saving Plans

A tax-advantaged plan can be an ideal way to encourage workers to save for their retirement. Employers matching employee contributions can be a great attraction for the employees and inspire them to stay with your organization for a long period.

Life Insurance

When you offer life insurance and accidental death and dismemberment insurance (AD&D) to your employees, you encourage them to plan for the future and remain protected.

 

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