In the past, you were likely flooded with applications from seriously talented candidates as soon as you posted an opening on your team, but the tides have changed. As of June 2018, the unemployment rate was just 4%, meaning it’s a job seeker’s market.
As manufacturing recruiters in Chicago, Premium Staffing, Inc. knows how top talent thinks. Making a career move is a big decision, so they carefully examine the total compensation that accompanies each job offer. If your benefits package is lacking, they’re probably going to go with your competition.
Here’s a few benefits that would make a job at your company hard to pass up.
Four Ways to Improve Your Employee Benefits Package
Unlimited Vacation Days
Two weeks’ vacation used to be the industry standard, but things have changed. An increasing number of companies have started offering unlimited vacation time, as a way to help employees achieve an optimal work-life balance. If people don’t feel like they have enough paid time off to live life to the fullest, they’ll wait for another opportunity to come along. You can always create a policy to ensure people don’t abuse the system, if you’re worried it will get out of hand.
Retirement Plan Match
Giving employees the opportunity to participate in a 401(k), 403(b) or another type of retirement savings plan is important, but this benefit is nothing out of the ordinary. Take it up a notch by matching their contributions up to a certain percentage — i.e., 3%, 6% or 10%. An employer match program is a tremendous benefit that can add serious cash to an employee’s retirement account.
Generous Paid Holidays
You probably already offer paid holidays for major occasions like Christmas, Thanksgiving and Memorial Day. This is great, but take it up a notch by adding in a few extras. Let people have the day off work — with pay — on the day after Thanksgiving, Christmas Eve and other religious holidays they observe. This will allow them to enjoy the occasion with loved ones, without having to cut their celebration short.
100% Paid Health Insurance Premiums
Providing employees with health insurance is a much-appreciated perk, but it’s a pretty standard offering. Make it special by covering health, dental and vision premiums for all staffers. If you can swing it, offer the same benefit — or at least a serious discount — to their spouse and dependents. This will put more money in their pockets, and that will not go unnoticed.
Need to fill a high-level manufacturing or engineering job? As engineers ourselves, Premium Staffing, Inc. understands exactly what you need in the right hire. Get in touch today to start your search!