May News – Benefit Packages Secure the Best Talent
Benefit Packages Secure the Best Talent
Salary is not the only attraction when candidates are looking for their next career opportunity. For most candidates it is their key priority, however, they are also looking for non-salary benefits. The demand for experienced candidates has led to the best in their field having multiple job offers and although salary is important, the benefits and reputation of a business makes a real difference when it comes to making their decision.
The majority of candidates are looking for the whole package, to work for a company where they can have a true work life balance. Competition is fierce for the most experienced and knowledgeable candidates in the market and they want to know they are joining forward thinking companies that offer training, career development and bonuses.
Flexible working hours are high on their list as well as 25 days holiday a year (plus bank holidays), and additional voluntary pension contributions, healthcare and life assurance.
According to EBRI (www.ebri.org) 78% of people said that the employee benefits package is very or extremely important in their decision to accept or reject a job. Below are examples of standard benefits offered by our clients.
• Bonus schemes based on the company or on individual performance
• Flextime or work-from-home days
• Training programmes
• Summer / Christmas party
• Good social scene after work
• Break out space
• Free breakfasts
• Annual away day
• Onsite massages
• Private health care
• Contributory pension scheme
• Death in service insurance
The ability to have a good work-life balance means retaining the talent you already have and not losing them to the competition. A good salary may not be enough for your employees, rewarding them with things that improve their well being and lifestyle can make all the difference in attracting and keeping the staff your business needs.
Claire Newman FIRP Cert RP | MD & Founder |Bluetree Recruits