Reasons To Offer Employee Benefits In White Plains And Yonkers, NY
Posted by cafaroinsny on January 29th, 2021
No business owner likes to throw away money and have the profits reduced regularly. On the other hand, most companies find it advantageous to offer multiple employee benefits in White Plains and Yonkers, NY, periodically. Well, this comes with its own set of gains too. The latest statistics reveal that almost 33% of business entities offer increased benefits to their employees, with the package being altered every year. This bears a direct relation to the fact that 40% of the employed force is keen to change jobs regularly while 29% are content with one company when offered a suitable benefits package.
Yes! Earning a decent salary is essential, but additional benefits are equally important for employees who provide the following advantages to their employer:
· Loyalty- The employee who cherishes the benefits received are more likely to remain loyal to the concerned company. Statistics prove it too, with figures revealing that 60% of employees are hopeful of continuing with the same company after receiving employee benefits. Merely giving the minimum is not going to please the workers, though. Most of them prefer to pick and choose the extras and are convinced to stay back when their employer offers an excellent package to them. It helps one to begin an employee benefits program and keep adding to the perks regularly. The workers do not think of checking vacancies in rival companies or let their employer down when they remain satisfied with the bonuses.
· Productivity- A company must operate efficiently. Having productive workers can help to achieve this goal without additional effort. Unfortunately, not every employee can focus on their work when worried about lack of finances, child support, and other domestic concerns. Productivity is sure to slip if the employees remain distraught with anxiety or are sleepy. Offering a solution for their problems will enable them to concentrate on their tasks with the productivity-improving slowly but surely.
· Attendance- Absenteeism can turn out to be the real issue behind loss of productivity and inefficiency. A recent survey discovered that most workers take leave from their work on account of financial difficulties. The employer can solve this problem by offering monetary incentives for increased attendance. Family commitments are also likely to keep employees away. Arranging a crèche in the workplace or suggesting flexible hours can lower absenteeism significantly. Of course, calling in sick happens to be the most typical reason for missing work. Most companies provide health insurance coverage as a benefit to compel all employees to visit health facilities as and when needed.
· Recruitment- No Company would be able to flourish without employing new people regularly. An employer offering the best employee benefits is sure to attract the best employees who would consider more benefits to be an improvement rather than a salary hike
Offering business health insurance in Farmingdale and Melville, NY, to the employees can help retain quality employees and improve office productivity. The employer gets to enjoy several tax benefits by paying fully or partially for the premiums too.
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Joined: June 1st, 2020
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