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employees talking togetherYou have a successful business, but you’re looking to fill a position that requires someone with specialized skills. So, you advertise and start reviewing resumes. After narrowing it down to five candidates, you start the interviews. Through the interview process, it becomes clear that there is one person you want to hire.

When you offer the position to that individual, the salary is accepted without question. But, the individual wants to know what benefits you offer and after learning about your meager benefits package, turns down the job offer. After reflection and talking with other business owners, you decide you need to reevaluate your employee benefits.

What are the pros and cons to offering more employee benefits?

Pros:
  1. As you have just found out, benefits might be what attracts top employees.

  2. Some benefits, such as offering health insurance, life insurance and retirement contributions, can become a tax advantage for your company.

  3. If employees feel you care because of the benefits you offer, it can reduce the turnover rate.

  4. Offering employee benefits sends the message that you care about employees. That, in turn, can mean better job performance and higher morale.
Cons:
  1. Offering benefits might cost you more money and require additional administrative duties.

  2. If you don't do the paperwork correctly, or don't offer benefits equally, it can mean a costly lawsuit.
So, you agree with the pros, but the cons scare you. They don't have to be scary and that is how independent insurance agents help you. We help you offer health and life insurance plans to your employees at rates that don't deplete your resources. We can also help you set up retirement plans and Health Savings Account plans that will benefit employees.

In addition, we can talk with you about other employee benefits, such as tuition assistance to get more training, flexible hours, paid time off that can be used for sick leave or vacation and a variety of other benefits you can offer to attract and keep great employees.

So, don't lose another great employee! Talk with us today and let's review your employee benefits.

Give a little to get the best employees. Call Dealey, Renton & Associates at (626) 696-1897 for more information on Oakland employee benefits.
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