![]() Employers can attract and retain top talent by prioritizing retirement savings, insurance coverage, flexible work arrangements, professional development, health and mental wellness programs, family financial assistance, and housing and legal assistance while fostering a positive and supportive work environment.īrian Menickella is the founder and managing partner at Beacon Financial Services, a broad-based financial advisory firm based in Wayne, PA. In today's competitive job market, companies must adapt to the evolving needs of their workforce by offering a diverse range of employee benefits. Additionally, providing access to legal services or offering discounted legal advice can help employees navigate complex issues. For example, employers can offer relocation assistance, housing subsidies, or down-payment assistance programs to help employees secure affordable housing. Housing and legal assistance benefits can provide valuable support for employees facing challenges in these areas. Furthermore, offering paid parental leave and flexible work options can help parents balance their work and family obligations. Employers can offer benefits such as childcare assistance, adoption assistance, and reimbursement for fertility treatments to help employees manage the financial burden of raising a family. Supporting employees' families is essential for attracting and retaining talent. Additionally, on-site fitness programs, gym memberships, and wellness challenges can promote physical health and foster a positive work environment. ![]() Companies can support their employees' well-being by providing initiatives such as Employee Assistance Programs, mental health coverage, and access to counseling services. In a survey by the American Psychological Association, 81% of workers indicated they would prioritize workplaces that actively support mental health. Health And Mental Wellness ProgramsĪs the Covid-19 pandemic highlighted the importance of mental health, more employees are seeking support from their employers. Tuition reimbursement and continuing education programs are also popular benefits that can help organizations attract and retain top talent. ![]() ![]() Professional DevelopmentĪccording to LinkedIn’s Workplace Learning Report, the top way organizations are working to improve retention is by “providing learning opportunities.” Employers can offer training programs, mentorship, and opportunities for career advancement to help employees grow and enhance their skills. Additionally, generous paid time off policies, including sick and parental leave, can further support work-life balance. For example, employers can provide remote work, flexible hours, or compressed workweeks to accommodate employees' personal and family needs. A recent FlexJobs survey found 80% of respondents would be more loyal to their employers if they had flexible work options. Work-life balance is a growing concern for employees, and offering flexible work arrangements can significantly improve job satisfaction. ![]()
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