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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

Yet many business owners today still seem hesitant to invest in better coverage or more paid vacation hours to woo new talent. Some paid parental leave. And if you’re really shooting for the moon, you may even provide a few of these: Unlimited vacation time. A matching 401(k) or pension. Childcare support.

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2019 Employee Benefits Predictions

Winston Benefits

In 2019, employers will need to offer more than a competitive salary, paid vacation and a 401(k) plan to recruit prospective job candidates and retain top employees. Unemployment is low and the economy is strong, even with recent volatility in the stock market.

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Examples of fringe benefits by category

Business Management Daily

401(k) plans, pensions, and employer contributions to retirement accounts are increasingly important to young workers. Maybe in addition to a couple weeks of paid vacation, your company offers no-questions-asked sick leave for employees who feel under the weather. It’s a touchy subject.

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Employee Benefits Success is All About Communication

Best Money Moves

More than 80 percent of employees have paid vacation time and over 70 percent have paid sick leave. Less than half of organizations offer paid maternity leave and only a quarter offer paid paternity leave.

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How to deliver high-value workplace perks that employees love

Insperity

These things have become so commonplace that employees expect them, such as: Health insurance Dental insurance Paid vacation and sick days 401(k) retirement plan Disability insurance Life insurance Workers’ compensation Unemployment insurance.

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How to Turn a New Company Policy from Negative to Positive

HR Bartender

We were offering new employees three weeks of paid vacation, which is comparable to what local companies with which we compete for talent were offering. So, in addition to offering an open vacation policy, we increased parental leave and added up to $3000 to help offset the cost of adoption.

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How to Calculate Employee Benefits: The Ultimate Handbook

Empuls

A few of the examples of such benefits include: Tuition reimbursements Company transportation Product discounts Paid vacations An example of a brand offering these benefits to their employees is HubSpot , one of the most popular marketing solutions platforms in the world.